Pre-formation Contracts: Avoiding Personal Liability
This post is based on my answer to the following LinkedIn question (the answer would be similar for a contract entered into before a corporation, rather than LLC, is formed): I signed a lease for...
View ArticleYour Business is Dead – Are You Liable for its Obligations?
Last month, I wrote about how to terminate a company?s existence by dissolution (How to Kill Your Company when that’s the Only Choice). Since then, people have asked me what their personal...
View ArticleEntrepreneurs Take Care: Raiding Employee Withholdings May Send You to Jail
Last month, I posted Your Business is Dead ? Are You Liable for its Obligations?, which stated that, generally, once a business is dissolved, the owners will be personally liable for the business’s...
View ArticleAssessing Personal Liability – Read Formation Documents Carefully!
A client, majority shareholder in a California corporation, asked whether there was any way to make a minority shareholder pay part of the corporation’s losses to date. In this particular case, the...
View ArticleAvoiding “Alter Ego” Problems: A To-Do List
Last year, I wrote (Beware Your Alter Ego) about how entrepreneurs sometimes lose the protection against personal liability supposedly offered by their corporations (or, similarly, their LLCs). This...
View ArticleIP Indemnification: Who Will Be There to Satisfy the Obligation?
Almost a year ago, I posted IP Warranties and Indemnification: How Much is Reasonable? This post addresses a related subject: If you get the other party to agree to indemnify you, who will be around...
View ArticleCan Personal Creditors Threaten My LLC?
I recently answered an Avvo question about whether personal financial problems would create trouble for the LLC that an individual was forming. The question and answer, substantially edited, are...
View ArticleCorporate Officer Can Be Personally Liable for Copyright Infringement
In Blue Nile v. Ideal Diamond Solutions, the U.S. District Court for the Western District of Washington held that co-defendant Larry Chasin, founder and an officer of defendant IDS, was personally...
View ArticlePre-formation Contracts: Avoiding Personal Liability
This post is based on my answer to a LinkedIn question [before the LinkedIn Answers feature was terminated] – the answer would be similar for a contract entered into before a corporation, rather than...
View ArticleYour Business is Dead – Are You Liable for its Obligations?
Last month, I wrote about how to terminate a company?s existence by dissolution (How to Kill Your Company when that’s the Only Choice). Since then, people have asked me what their personal...
View ArticleEntrepreneurs Take Care: Raiding Employee Withholdings May Send You to Jail
Last month, I posted Your Business is Dead ? Are You Liable for its Obligations?, which stated that, generally, once a business is dissolved, the owners will be personally liable for the business’s...
View ArticleAssessing Personal Liability – Read Formation Documents Carefully!
A client, majority shareholder in a California corporation, asked whether there was any way to make a minority shareholder pay part of the corporation’s losses to date. In this particular case, the...
View ArticleAvoiding “Alter Ego” Problems: A To-Do List
Last year, I wrote (Beware Your Alter Ego) about how entrepreneurs sometimes lose the protection against personal liability supposedly offered by their corporations (or, similarly, their LLCs). This...
View ArticleIP Indemnification: Who Will Be There to Satisfy the Obligation?
Almost a year ago, I posted IP Warranties and Indemnification: How Much is Reasonable? This post addresses a related subject: If you get the other party to agree to indemnify you, who will be around...
View ArticleCan Personal Creditors Threaten My LLC?
I recently answered an Avvo question about whether personal financial problems would create trouble for the LLC that an individual was forming. The question and answer, substantially edited, are...
View ArticleCorporate Officer Can Be Personally Liable for Copyright Infringement
In Blue Nile v. Ideal Diamond Solutions, the U.S. District Court for the Western District of Washington held that co-defendant Larry Chasin, founder and an officer of defendant IDS, was personally...
View Article
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