Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack
by astockwell on Friday September 08, 2017 @04:31PM
(#15203699)
Indeed, this seems only logical. I honestly have this thought every time I make a large financial decision: Renting a house? Would be much easier to break the lease (Should I ever need to) if my surrogate 'corporation' with few assets were the leasee. Ditto with many medical situations/other large expenses. Plus, much better tax deductions!
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Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack
by JumpCrisscross on Friday September 08, 2017 @04:45PM
(#15203795)
> Would be much easier to break the lease (Should I ever need to) if my surrogate 'corporation' with few assets were the leasee
You'll risk losing the assets. If the assets aren't substantial, it's unlikely any landlord will sign the lease with the entity without someone guaranteeing it.
Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack
by fma on Saturday September 09, 2017 @11:25PM
(#15210410)
Well, this is why most people (including myself) put rental property under an LLC. I wouldn't let a tenant sign the lease as a corporation unless they were a legit corporation - you know, companies rent houses all the time for executives that relocate, etc. If the tenant breaks the lease, I'd sue the company and their assets.
Real world example: I did a summer internship one year and the company rented a few houses for the interns. Myself and 2 college guys were in one. Landlord claimed damage on the air conditioner because it iced over due to not changing the filter...ended up getting money from the company.