OrangeSun,
Using a personal bank account isn't illegal. When TradeHill proved to be a viable business I opened a business bank account.
I started TradeHill as a sole proprietorship, I didn't register "TradeHill" until 8 days after we opened. I've done a little research and you are correct, I violated this law: https://www.oregonlaws.org/ors/648.990
This is obviously viewable by the public and I'm not hiding it.
Here are the penalties:
648.990¹
Penalties
(1) Violation of any of the provisions of this chapter is punishable by a civil penalty not exceeding $100.
I accept full responsibility. I have no problem paying that fine in it's entirety.
Jered
Topic: Tradehill - lawsuit waiting to happen - page 3. (Read 7012 times)
You do not need to register as a corporate entity in order to conduct business in the US. TH would simple be classified as a sole-proprietor or basic partnership without filing for LLC or C status.
Not a big deal at all.
Not a big deal at all.
thanks for that. 
Wow a paralegal....
What are they going to be sued for? You do realize that foreign corporations can do business in the US.
What are they going to be sued for? You do realize that foreign corporations can do business in the US.
Foreign corporations have to register too.
And using personal bank accounts like this: does this look multinational to you, or simply careless?
http://forum.bitcoin.org/index.php?PHPSESSID=6df17df21dff77061dafa0aa2800c3df&topic=13650.msg188417#msg188417
Government Registration record for Tradehill:
http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.show_detl?p_be_rsn=1525974&p_srce=BR_INQ&p_print=FALSE
Tradehill started doing business before they registered as a legal company based on their filing date!!!! Filing date is 6/16/2011.
As a paralegal I can tell you this may fly in Chile but when they get sued here in the states, they will be dead.
I can't believe how fragile bitcoin companies are.
http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.show_detl?p_be_rsn=1525974&p_srce=BR_INQ&p_print=FALSE
Tradehill started doing business before they registered as a legal company based on their filing date!!!! Filing date is 6/16/2011.
As a paralegal I can tell you this may fly in Chile but when they get sued here in the states, they will be dead.
I can't believe how fragile bitcoin companies are.
wow, you so smart, man that just blows their whole ship right out of the water. Have you bothered to check any dates on their articles of incorporations, or approriates ones that woulda been filed to show start date of business? probably not. Anyhows, learn to paralegal better.....
Wow a paralegal....
What are they going to be sued for? You do realize that foreign corporations can do business in the US.
What are they going to be sued for? You do realize that foreign corporations can do business in the US.
Government Registration record for Tradehill:
http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.show_detl?p_be_rsn=1525974&p_srce=BR_INQ&p_print=FALSE
Tradehill started doing business before they registered as a legal company based on their filing date!!!! Filing date is 6/16/2011.
As a paralegal I can tell you this may fly in Chile but when they get sued here in the states, they will be dead.
I can't believe how fragile bitcoin companies are.
http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.show_detl?p_be_rsn=1525974&p_srce=BR_INQ&p_print=FALSE
Tradehill started doing business before they registered as a legal company based on their filing date!!!! Filing date is 6/16/2011.
As a paralegal I can tell you this may fly in Chile but when they get sued here in the states, they will be dead.
I can't believe how fragile bitcoin companies are.
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