Showing posts with label incorporation. Show all posts
Showing posts with label incorporation. Show all posts

Friday, October 17, 2008

TorrentFries, inc.

In the past, I've made a point of steering clear of the legal nuances of tracker-running. The law varies dramatically from jurisdiction to jurisdiction, and more importantly, I know jack shit about legal matters. However, I just thought I'd throw you a tidbit gleaned from one of my lawyer friends: the beauty of a capitalist society.

Basically, in the US, Canada, and the UK, corporations can only be sued for the assets of that corporation. This applies even if that corporation is just you and the assets are zilch. So long as you make it clear that you are always acting on behalf of the corporation, you're out of any legal troubles scott free.

Obviously, the practical implications are a bit more complicated, but that's my understanding, anyway. I invited him to write a guest entry for us, so if he takes me up on that, you'll get to hear a bit more. In the meantime, please take my "legal advice" with all the salt in the Dead Sea.
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