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gnu6
on Sept 12, 2011
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Fucking Sue Me
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.
nknight
on Sept 12, 2011
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The point is that signing a contract for personal liability negates the incorporation.
rprasad
on Sept 12, 2011
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Incorporating without sufficient capital makes it almost trivial to "pierce the veil" of incorporation and go directly after the company's owners.
gnu6
on Sept 13, 2011
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That seems somewhat backward, because it would discourage those with limited assets from starting businesses and trying to improve their situation.
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