01-25-2005, 03:58 AM
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
Thanks for your responses.
Manni, It maybe OK to have them in my name but if anything went wrong would I not be liable for them?
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> company is a legal entity, separate from its owner.In other words there is a a veil of incorporation btw a company and its Owners.But there are certain exceptions to this doctrine. And in some instances this veil is lifted. And the situation which u mentioned is on of this instances. Although the supplier is ur good friend, but if something goes wrong then u will b personally liable for it. I actually also studied a case, facts of which resembles this situation. I actually dont remember the name of the case, but i will post it as soon i will remember it.
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If I could... Then I would... Turn back time!!
Thanks for your responses.
Manni, It maybe OK to have them in my name but if anything went wrong would I not be liable for them?
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> company is a legal entity, separate from its owner.In other words there is a a veil of incorporation btw a company and its Owners.But there are certain exceptions to this doctrine. And in some instances this veil is lifted. And the situation which u mentioned is on of this instances. Although the supplier is ur good friend, but if something goes wrong then u will b personally liable for it. I actually also studied a case, facts of which resembles this situation. I actually dont remember the name of the case, but i will post it as soon i will remember it.
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If I could... Then I would... Turn back time!!
