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Why Incorporate?
You heard about the woman who spilled hot coffee on herself and then sued McDonalds, and was awarded $180,000? Maybe McDonalds can afford it, but can you? Unplanned events happen, even to good people. Not to mention that there are devious, unscrupulous individuals who "look for the/an opportunity" to levy FRIVOLOUS LAWSUITS ALL THE THE TIME! Are you Exposed...Hmm!Yes, you are if you do ABSOLUTELY NOTHING! One very practical and prudent strategy, these days is to utilize multiple entities (Corporation, LLC, etc.), each conducting a different form of business, and protected behind a firewall or "Corporate Veil" each entity unrelated to the next or other and shares NO LIABILITY with each other - (see the daisy chain strategy) The NAME of this GAME!
Ownership can be concealed from the peering public domain. The Bottom Line is all about PROTECTION!
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Last Updated: Monday, 24-Mar-2008 02:51:54 EDT