Wizzo,
Interesting point re legal protection against personal liability through corporate or limited liability company [LLC] form. Unfortunately, many suits succeed in "piercing the corporate veil" ie., removing corporate/llc protection to award personal liability. Courts weigh factors such as a) using the corporate/business form as a personal "alter ego" for personal business, systematic disregard for corporate formalities, etc. Once the legal form is "pierced" then the litigant can sue the persons behind the corporation/LLC individually.
Legal business form is not an all inclusive protection against personal liability--it is good protection, but not 100%.
Labret:
Like any lawsuit, your chances of success depend largely on your facts and your lawyer's ability to prove them. Lucky for you, we are not in England. In England, the losing party pays all legal costs.
Pimplink
Quote:
Originally posted by Wizzo:
Another thing to think about, is Most sponsors, if not all, are LLCs at the very least, with little to no actual assets, couple of servers and some content maybe.
Which means they are easy to liquidate into nothing very quick, which means a settlement against them would net you zip...
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