OT- Contractor

Yanni Chiu yanni-bJEeYj9oJeDQT0dZR+AlfA at public.gmane.org
Tue Jun 22 02:47:33 UTC 2010


William Park wrote:
> ...  Though, if you're the only shareholder, the only
> executive, and the only employee, then I don't think you can escape
> resposibility as easily.

But that is the whole purpose of incorporation and limited liability. 
What might happen is that you might be asked to personally guarantee a 
contract, but that is beyond what is required.

If you're referring to a case of "piercing the corporate veil" 
(http://en.wikipedia.org/wiki/Piercing_the_corporate_veil), then you 
should avoid doing the things that cause that - i.e. don't mix personal 
and corporate monies and stuff.
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