SpidermanTuba
Rookie
- Banned
- #61
Are you serious? Even when a new corporation is created large suppliers require, among other things "personal guarantees." Small suppliers are sometimes ignorant of the risks they are taking when supplying to a corporation, but are you suggesting that an honest man should create a corporation with an eye towards using it to dodge personal responsibility for indebtedness, and have that dodge especially hurt the small business owner?
What the heck does honesty have to do with it? A prudent businessman will set up an LLC so that if someone slips and falls in his store the lawyers don't take his house and his retirement. It much more about protecting yourself from unforeseen liabilities than liabilities you decide to take on to run your business.
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