On 3/7/14, 1:44 PM, Ed Leafe wrote:
>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.
See, it's this type of reality that makes me go "wait a sec, living
under the radar is pretty simple, really. Why not just wait and see if
there's an actual problem to be solved by incorporating, and do it then..."
I'm a procrastinator at heart.
;)
Paul
_______________________________________________
Post Messages to: ProFox@leafe.com
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/531a5973.4060...@mcnettware.com
** 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.
