My lawyer said the same thing as Travis. The way the policy reads, from my understanding, is if you start using company funds to buy your house, car, groceries, beer, movie rentals, TVs, video games, etc.
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 "The secret to creativity is knowing how to hide your sources." --- Albert Einstein On Wed, Nov 25, 2009 at 11:45 AM, Travis Johnson <[email protected]> wrote: > That's not true. Corporate officers are required to sign personal > guarantees for things all the time. Corporate officers of $10M companies. > > Would I sign one for a tower rental, no way. Would I sign one to get a $1M > line of credit at a bank at 1% APR... yes. > > Travis > Microserv > > > Steve Barnes wrote: > > That is correct you do not want to sign a personal guarantee. That breaks > the corporation shell and you can then be held personally liable for a any > part of the business. > > Steve Barnes > RC-WiFi Wireless Internet Service > > Character cannot be developed in ease and quiet. Only through experience of > trial and suffering can the soul be strengthened, vision cleared, ambition > inspired, and success achieved. > - Helen Keller > > -----Original Message----- > From: [email protected] [mailto:[email protected] > <[email protected]>] On Behalf Of fwatts > Sent: Wednesday, November 25, 2009 11:07 AM > To: WISPA General List > Subject: Re: [WISPA] Crown Castle > > My attorney has always told me not to sign a personal guarantee. If you are > a corporation and you sign a personal guarantee it creates a way for some > one to say you are no longer acting as a corporation but as a person and > makes it easier for you to be held personaly responsible for other things > having nothing to do with what you signed the guarantee in the first place. > > Frank > Brightlan LLC > ----- Original Message ----- > From: "Ryan Spott" <[email protected]> <[email protected]> > To: "WISPA General List" <[email protected]> <[email protected]> > Sent: Wednesday, November 25, 2009 10:39 AM > Subject: Re: [WISPA] Crown Castle > > > > > Who signs the personal guarantee for Clearwire? > > ryan > > On Wed, Nov 25, 2009 at 7:26 AM, Josh Luthman<[email protected]> > <[email protected]>wrote: > > > > What I suggest is if you do need to sign a personal guarantee, do it very > very sparingly. If you have a personal guarantee, though, keep it at the > top of the getting paid list - especially when SHTF. > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > "The secret to creativity is knowing how to hide your sources." > --- Albert Einstein > > > On Wed, Nov 25, 2009 at 10:04 AM, Blake Bowers <[email protected]> > <[email protected]> > wrote: > > > > LOL!!! > > > Never, never never sign a personal guarantee..... > > Even ATC does not require that. > Don't take your organs to heaven, > heaven knows we need them down here! > Be an organ donor, sign your donor card today. > > ----- Original Message ----- > From: "[email protected]" <[email protected]> > <[email protected]> <[email protected]> > To: <[email protected]> <[email protected]> > Sent: Tuesday, November 24, 2009 9:57 PM > Subject: [WISPA] Crown Castle > > > > > We are looking to get on a Crown Castle tower and =in their credit > app > they want > to run personal credit and have a personal guarantee. 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