Incorporating
Dave Harman
qut at netcom.com
Mon May 20 08:02:22 PDT 1996
! How do corporations work, in terms of liability? If the cost of
! incorporating isn't forbidding, I would think a remailer operator might
An excellent idea for reducing civil liabilty.
It's easy and cheap to incorporate a delaware for-profit corporation.
Following certain practices,
vastly increases your legal status.
Such as the corporate boilerplate of:
Stock certificates;
Proper titles and roles that are duly recorded;
Proper minutes, meetings, accounting;
Good Articles of Incorporation.
In other words,
Sameer the $USER is very different from President/Chairman Sameer Parekh of C2, Inc.
A non-profit corporation is considably different,
and for certain reasons,
would not be as good as for-profit for potentially shielding civil liability.
(Unfortunately, case law suggests that.)
! consider incorporating a company, and making the remailer a function of
! that company. That way, any losses are restricted to the total value of
! the corporation; that is, nothing. Any flaws? There must be something
! wrong with it somewhere.
Less freedom than the sole-proprietor.
Following the corporate protocols.
! Thanks.
Thank you for your contribution,
Qut
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