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A comment on Mark Cuban: If Your Company Is Moving For Tax Reasons, I'm Selling Your Stock. Parent comment

Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by aidenn0 on Friday July 25, 2014 @02:34PM (#8086767)
What you just described is illegal. A corporation must act as an independent entity, not just be a shell around a single individual.
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Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by pessimizer on Friday July 25, 2014 @02:50PM (#8086907)
What about two individuals, or 40?
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Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by ericcope on Friday July 25, 2014 @04:45PM (#8087555)
I don't believe that to be true. I'm a 1-man Corp. Corporations only there for liability limitations...
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Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by aidenn0 on Friday July 25, 2014 @06:39PM (#8088045)
And, in general, you can't limit your liability if you are a 1-man corp. Courts can "pierce the corporate veil" if it turns out the corporation is acting entirely on the behalf of the invdividual.
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Re:Mark Cuban: If Your Company Is Moving For Tax Reasons, I'... by lsaferite on Sunday July 27, 2014 @10:29AM (#8092829)
Generally that happens when the company is not acting like a conpany. A simple example being when you don't have and/or document yearly meetings and such. LLCs are commonly used to shelter individuals from things like rental properties.
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