FaunaClassifieds - View Single Post - Just how liable are we as sellers?
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Old 01-06-2003, 07:24 AM   #10
KNOBTAIL
WANT TO LOOSE ALL YOUR MONEY

and possibly everything else you own. Continue selling without being protected. The purpose of a corp. is to limit liability. Without it you are operating as an open wound. Their are some people out their who will not hesitate to file suit. These scavengars know how to take advantage of a system that favours the injured party.

I saw this happen about 35 years ago when Salmonella raired its ugly head against individuals who were selling baby turtles. These individuals were not corp. but hard working individuals who were just making a living. They were sued as well as the breeders who incidently were protected by their corp. The worst case for a corp. would be to walk away from the corp. or file for bankruptcy. For the individual who has no protection cannot walk away, but can go bankrupt.

For the couple of hundred bucks, you can sleep a little easier by being ahead of the game and providing yourself and your family with a little added security by incorporating. Respectfully, JERRY TRESSER