LLC in canada? - GoFuckYourself.com

doridori · 02-21-2009, 12:39 AM

what does it mean that it will protect your personal assets? so if your LLC company gets sued, then u lose ur business but not ur personal assets?

the Shemp · 02-21-2009, 12:47 AM

dont forget about the personal guarantee ...

doridori · 02-21-2009, 12:47 AM

ah of course. debts.

pornask · 02-21-2009, 12:51 AM

Motto of rich people - own nothing, control everything.

There are those vicious things out there called lawyers. If you live in North America, sooner or later someone's gonna sue you. Lawyers don't give a fuck. You could be on the ground dying, they will still gladly take a kick at you. Even if you've hit rock bottom, lawyers will try to get some more off you to make your life even more miserable. The key is to make sure you don't own anything. If you don't own shit, there is nothing they can take from you. Incorporate, don't own it under your name.

doridori · 02-21-2009, 01:03 AM

damn lawyer sounds like an awesome job...totally fits my sociopathic tendencies.

but thanks for the incorp....i haven't thought of that one!

02-21-2009, 12:39 AM	#1
doridori So Fucking Banned Join Date: Jul 2008 Location: Canadia Posts: 2,222	LLC in canada? what does it mean that it will protect your personal assets? so if your LLC company gets sued, then u lose ur business but not ur personal assets?

02-21-2009, 12:47 AM	#2
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	dont forget about the personal guarantee ... __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

02-21-2009, 01:03 AM	#5
doridori So Fucking Banned Join Date: Jul 2008 Location: Canadia Posts: 2,222	damn lawyer sounds like an awesome job...totally fits my sociopathic tendencies. but thanks for the incorp....i haven't thought of that one! Last edited by doridori; 02-21-2009 at 01:06 AM..

02-21-2009, 12:51 AM	#4
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	Motto of rich people - own nothing, control everything. There are those vicious things out there called lawyers. If you live in North America, sooner or later someone's gonna sue you. Lawyers don't give a fuck. You could be on the ground dying, they will still gladly take a kick at you. Even if you've hit rock bottom, lawyers will try to get some more off you to make your life even more miserable. The key is to make sure you don't own anything. If you don't own shit, there is nothing they can take from you. Incorporate, don't own it under your name.