Steve Totaro wrote: > It is similar to forming a corporation that owns your house and > generates revenue from you paying "rent" (mortgage) payments. It is > obviously a wash but your house is protected from any claims against > you personally since it is owned by a total legally separate corporate > entity.
I'm quite certain this is already obvious and will simply be interpreted as a tautological affirmation of the obvious, but such co-mingling of personal and business assets -- whether with an evidently fraudalent purpose or not as such -- will generally not survive the "test of reasonableness" that must be satisfied for corporate liability to not be pierced. In other words, if you simply pay for your house in this manner, and then you declare bankruptcy or are sued by creditors or whatever, the courts will scavenge this sort of thing up as evidence that your corporate entity is a financial alter-ego to whatever degree, and declare that your house is actually, de facto, a personal asset and can be included in the asset classes potentially awarded by judgments to the plaintiffs. -- Alex Balashov Evariste Systems Web : http://www.evaristesys.com/ Tel : (+1) (678) 954-0670 Direct : (+1) (678) 954-0671 Mobile : (+1) (706) 338-8599 _______________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-users mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-users
