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Updated over 15 years ago, 05/10/2009

User Stats

946
Posts
153
Votes
Mark Forest
  • Real Estate Investor
  • Fenton, MI
153
Votes |
946
Posts

LLC controversy

Mark Forest
  • Real Estate Investor
  • Fenton, MI
Posted

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]

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