7 ms·
It's so easy to incorporate it should always be done. I assume when someone starts working with that kind of money and has knowledgeable lawyers advising them t
by gnu6 15y ago
It's so easy to incorporate it should always be done. I assume when someone starts working with that kind of money and has knowledgeable lawyers advising them that they'll be told to do that.
- rprasad 15y agoIncorporating without sufficient capital makes it almost trivial to "pierce the veil" of incorporation and go directly after the company's owners.
- gnu6 15y agoThat seems somewhat backward, because it would discourage those with limited assets from starting businesses and trying to improve their situation.
- nknight 15y agoThe point is that signing a contract for personal liability negates the incorporation.