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A comment on On Incorporation - Hold Off Until You Have The Cash To Spare. Parent comment

Re:On Incorporation - Hold Off Until You Have The Cash To Spare by ryanhuff on Monday February 22, 2010 @04:29PM (#1143783)
While I see your point, if your business gets sued, you personally could be far worse off than the cost of incorporating.
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Re:On Incorporation - Hold Off Until You Have The Cash To Spare by mhartl on Monday February 22, 2010 @05:21PM (#1143912) 

                     PHILIP II OF MACEDON
  You are advised to submit without further delay, for if I 
  bring my army into Sparta, I will destroy your farms, slay
  your people, and raze your city.

                          SPARTA
  If.
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Re:On Incorporation - Hold Off Until You Have The Cash To Spare by natch on Monday February 22, 2010 @05:14PM (#1143896)
Wouldn't a personal umbrella policy cover this, for a sole proprietorship?
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Re:On Incorporation - Hold Off Until You Have The Cash To Spare by jsiarto on Monday February 22, 2010 @06:09PM (#1144024)
It might cover you financially--to an extent. But they'd still be suing you, personally and not your company. As an owner/partner in a corp or LLC you have full legal separation from your company (so long as you are running it legally) and can't personally be held liable.
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Re:On Incorporation - Hold Off Until You Have The Cash To Spare by rwhitman on Tuesday February 23, 2010 @02:34AM (#1144956)
Well, I didn't get sued. Fortunately I'm not manufacturing pacemakers.
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