Outdoor and Ecological articles (sporadic Mondays) at http://blog.dxlogan.com/ and my main site is found at http://www.dxlogan.com/
-- Stewart
Assistant Fruit Picker at Floodplain Fruits
"Instead of Pay It Forward I prefer Plant It Forward" ~Howard Story / "God has cared for these trees, saved them from drought, disease, avalanches, and a thousand tempests and floods. But he cannot save them from fools." ~John Muir
My Project Page
Michael Newby wrote: If your Holding Corp and Nursery B they sue, Nursery B just gives up and says "take everything we have, we're going out of business" but there's no assets there for the courts to take - the courts can't say "we know that your money from Nursery B went to Holding Corp so Holding Corp has to pay" unless you've been committing some kind of fraud, that's the "corporate veil" that protects your money.
Assistant Fruit Picker at Floodplain Fruits
-- Stewart
John Wolfram wrote:With small company, it's important to keep up the formalities in order to maintain the corporate protection. This goes double for single member LLCs. Things like co-mingling of funds, and failure to abide by the company's operating agreement can lead to the company being deemed just an alter ego.
"Instead of Pay It Forward I prefer Plant It Forward" ~Howard Story / "God has cared for these trees, saved them from drought, disease, avalanches, and a thousand tempests and floods. But he cannot save them from fools." ~John Muir
My Project Page