Where people get this strange idea that all you have to do is invent a legal fiction and somehow you can hide behind it and offload your responsibility on to it.
The state sure has done a swell job in indoctrinating people with this kind of lunacy.
So the concept of corporations (to include LLC and other discrete economic entities) is lunacy? If you are an American that is especially ironinc. It was corporations (and the economic shield they provide) that allowed the risk of long range exploration to occur. The founding of the colonies was a direct result of that financial construct.
Barring a proven act of criminal malfeasance any responsibility or obligation lies with the entity you are doing business with. You ignorance of that fact doesn't change the legal standing.
I'm sorry to break it to you, but the company is the owner and the owner is the company.
Hate to break it to you but that is not true. A corporation is a distinct legal and economic entity. It can exist outside of its founders. It can continue to exist even if its owners change or the original owners die.
And if an owner wants to hide behind a legal fiction and somehow pretend he is not liable I'm simply not going to do business with him.
So you do no business with any corporation? How are you online? Please give me the name of your sole proprietor ISP.
People who want to ensure the maximum integrity for themselves when making market transaction should follow my advice or accept the risk of getting screwed sooner or later.
I guess you own no stocks, bonds, commodities, or forex accounts either because I am pretty sure no sole-proprietorship or partnerships have a seat on any major exchange.
