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Old 02-10-2005, 03:20 PM
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tonygreek tonygreek is offline
LawnSite Gold Member
Join Date: Aug 2004
Location: Lancaster, PA
Posts: 3,197
studentlawn, your post is an example of why everyone should talk to an accountant and take with a grain of salt what they read on a message board:

"This means that if you get sued for millions of dollars becuase you ran little Jimmy over with a mower, then they cannot touch your house and personal belongings. "
your attorney would probably flip over this view of a corporate veil. you can, and probably would be attached to a suit of that, or any, kind. this is especially true if you are the sole shareholder.

"As long as your business is small (under 75 employees) then you can use this filling."
employee number has nothing to do with it. the 75 refers to the maximum number of shareholders.
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