Holster Sale Disclaimer

[Lobo]

Red Cent is correct. There is no absolute shield contained in incorporated businesses. Other tests may be applied such as co-mingling of funds and accounts, maintaining completely separate accounting and payment procedures, and so forth.

I suggest that any shield is better than no shield at all.

[Red Cent]

I suggest that any shield is better than no shield at all.

What Lobo said.

[GaryNunn]

I was recently researching LLC's for the very reasons stated in this thread. One of the LLC warnings was that even with an LLC, a sole proprietor can still be held personally liable for hand-made products. It went on to specify that if a product was made by an employee, then the sole proprietor can't be held personally liable and THEN they are protected by the LLC. That pretty much blew away my reason for considering an LLC.

Gary

[Lobo]

And those who get all of their legal advice from the internet will get full value for their legal costs.

I stand by my earlier comments. Separate the business from your personal finances by creating a corporate entity, and carry a good business insurance policy. If a problem ever arises let the lawyers deal with it, preferably at the insurance company's expense.

Anything less is just gambling with everything you own on the table all the time.

[mgalik]

WOW, all this legal stuff is really depressing, but mandatory. Thank you for all your comments as this topic seems to be a concern for most. im still selling to family and friends and this legal fear has kept me from expanding to the general public.