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.