Wow. How can someone smart enough to do that kind of work be dumb enough to think they wouldn't be caught? Or poor enough they need to attempt it?
Carl From: Webster [mailto:carlwebs...@gmail.com] Sent: Monday, February 23, 2009 10:21 AM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: David Lum [mailto:david....@nwea.org] Subject: RE: Incorporate, LLC, or ??? You sure about the lawsuit thing? Absolutely. Additionally, an LLC separates business assets from personal assets - if your LLC goes bankrupt, the creditors can't get anything you've never used as part of your business. Show me one financial institution that will loan a single member LLC money without the member being asked to sign personally to guarantee the loan. Has anyone here been sued over IT stuff? Yes. I had a friend who was a single member LLC. He was doing very high-end graphics and video production for a well known cable channel (that I am sure Shook would watch during hunting season). He was caught using their very high-end printers to print stuff the Secret Service found and traced. The Secret Service got him and the customer sued him personally even though he was doing work as his LLC. He lost his house, car, computer equipment (to the Secret Service) and 5 years of his life. Being an LLC did nothing to protect him. Moral of the story: don't print green stuff from copy machines, laser printers or high-end ink-jets. All that equipment is traceable thru dots printed on every page. Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
