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Re:Fucking Sue Me by gnu6 on Sunday September 11, 2011 @08:41PM (#2985370)
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.
Re:Fucking Sue Me by nknight on Sunday September 11, 2011 @09:00PM (#2985409)
The point is that signing a contract for personal liability negates the incorporation.
Re:Fucking Sue Me by rprasad on Sunday September 11, 2011 @08:51PM (#2985393)
Incorporating without sufficient capital makes it almost trivial to "pierce the veil" of incorporation and go directly after the company's owners.
Re:Fucking Sue Me by gnu6 on Monday September 12, 2011 @11:34PM (#2989833)
That seems somewhat backward, because it would discourage those with limited assets from starting businesses and trying to improve their situation.