There are some who would say you should move your personal assets to an offshore bank where the laws do not even allow their own government to attach someones account (are there any such left in the world?) just so a business failure will not put your family in the poor house. Unfortunately banks are no longer a safe place to keep your money, a convenient place, yes, a safe one, no.
-graywolf Cotty wrote: > On 2/12/06, John Francis, discombobulated, unleashed: > >> You're obviously not aware of the predatory habits of American banks. >> Yes - this is *precisely* what they would do. It's cheaper for them >> to do that than to go through any dispute resolution procedure. >> And if you read the fine print in the terms and conditions of the >> account you'll find they have the right to attach any of your assets >> in order to pay of debts incurred by you or your authorised agent. >> And while you might not consider PayPal authorised, they too have >> terms and conditions which are sufficient to convince the bank. > > When setting up my business (limited company), my father (who ran a > limited company for 20 years) heavily advised I open a business account > with not only a different bank, but one in a different banking group. I did. > -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
