I completely agree. The legal entity is just to put into writing
what we all believe, then set a couple of options should "something"
happen.
Jerome
______________
BLANKSPACES
"work wide open"
www.blankspaces.com
5405 Wilshire Blvd (2 blocks west of La Brea)
Los Angeles, CA 90036
323.330.9505 (office)
On Feb 24, 2010, at 5:08 PM, Mike Schinkel wrote:
On Feb 24, 2010, at 7:40 PM, David Troy wrote:
If we can't trust at least one community member to be a good
steward to an asset like coworking.com, maybe we have bigger
problems on our hands.
I wasn't going to say anything more on this issue but I believe the
discussion continues to ignore key points so I'll say it again.
We all agree that we can trust Alex to be a good steward. (Right?)
But what we can't trust Alex to do with 100% certainty is to not die
and we can't trust him to not get sued into bankruptcy. This is
what legal entities (like trusts) are for. Many here argue against
it for presumed complication and presumed overhead but that as
stated is a red herring as people have ignored the death/bankruptcy
concern.
-Mike Schinkel
Ignition Alley Atlanta Coworking
http://ignitionalley.com
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