Quote:
Originally posted by EscortBiz
If you review most of the new laws that where passed and the ones being talked about now you will see that most apply to public corporation or corporations and are mostly going to be enforced by the SEC.
Even as a private company that raises money under a 504 the same rules dont apply as if they where publicly traded.
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I have not viewed any of the new laws as of late,
My experience is from the mid 90's.
I could be very off.
But I am pretty sure that the days of letting the "company' take the hit, are gone, and the owners of the company will end up paying one way or the other. Money owed will be collected. One way or the other, the people responsible for the "company" will be held accountable for the "companies" mistakes.
I quote the word company because it is treated as a separate entity.
Quote:
Originally posted by charly
I would have thought that someone with your business experience and wealth would know better than ask members of GFY a question like this.
Don't you think it would be wiser to ask a lawyer or accountant experienced in these matters?
Unless of course between the pair of you, you're unable to raise $200. 
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Just to qualify my possibly outdated knowledge, my mainstream company made over 2 million in 6 months.
I was the person who brought back the ?Cat in the Hat? hats in the mid 90?s.