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Old 02-10-2005, 04:20 PM
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tonygreek tonygreek is offline
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Join Date: Aug 2004
Location: Lancaster, PA
Posts: 2,797
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:

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"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. "
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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.

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