On Mar 7, 2014, at 3:26 PM, Mike Copeland <[email protected]> wrote: >> In addition liability is limited to >> the corporation and it's harder to go after your personal assets. > > Bingo! That's the number 1 best reason in my opinion. Too many litigious > idiots out there to risk it.
Well... it depends. They can still sue you personally, and you have to show that you have fulfilled every requirement for being a corporation. Didn't have an annual meeting and file the minutes publicly? Forgot to draw up bylaws? Didn't abide by those bylaws if you did? Any sleazy lawyer will force you to document every single step before a judge will dismiss the case. If you don't satisfy every requirement, your corporation may be deemed to be a phony shell, and all those protections about personal liability disappear. -- Ed Leafe --- StripMime Report -- processed MIME parts --- multipart/signed text/plain (text body -- kept) application/pgp-signature --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
