LLC controversy
The company entity issue continues to come up on this board as well as my landlord’s association. Here is a site that recommends against an LLC or corp.: http://www.johntreed.com/entity.html
For example it states:
“But in a tort where someone is damaged by your negligence, for example, you can’t say, “You have to sue my corporation.†The tort victim never signed a contract agreeing to that. They were just minding their own busiess when you hurt them. They can hold you responsible.â€
This site makes strong arguments. I am new to this so I just want to get all of your comments.
[NOTE FROM ADMIN - Our legal blogger has posted a direct response to this post that is an important read for anyone concerned about liability. It breaks down all the false info being spread on the subject: Please read:
Piercing the Veil: Holding Owners Liable for the Acts of the Business]