Krisbee wrote: > .... But I have a direct question. The -*the protection of a limited > liability company*- was mentioned. Would the creation of such an entity > have avoided legal problems? Would you then have been able to create & > distribute images for various ARM devices, host repos etc, free from > legal threat and interference? Or it is more complicated than that?
No, the liability remains. But as the title suggests it "limits" such liability to the company (LLC) and it's assets, holdings, income. It protects the person(s) who own shares in the LLC from personal liability beyond that of the LLC. Filing for an LLC is pretty simple and costs $125 where I live. However, there are very particular rules on how such an entity is run and the LLC must file an annual tax return with passive income/loss included on each owners personal tax returns. ------------------------------------------------------------------------ toby10's Profile: http://forums.slimdevices.com/member.php?userid=12553 View this thread: http://forums.slimdevices.com/showthread.php?t=99395 _______________________________________________ unix mailing list [email protected] http://lists.slimdevices.com/mailman/listinfo/unix
