Toastmasters?Incorporating

How do corporations work, in terms of liability?  If the cost of 
incorporating isn't forbidding, I would think a remailer operator might 
consider incorporating a company, and making the remailer a function of 
that company.  That way, any losses are restricted to the total value of 
the corporation; that is, nothing.  Any flaws?  There must be something 
wrong with it somewhere.

Thanks.

! How do corporations work, in terms of liability?  If the cost of 
! incorporating isn't forbidding, I would think a remailer operator might 

An excellent idea for reducing civil liabilty.
It's easy and cheap to incorporate a delaware for-profit corporation.

Following certain practices,
vastly increases your legal status.
Such as the corporate boilerplate of:
Stock certificates;
Proper titles and roles that are duly recorded;
Proper minutes, meetings, accounting;
Good Articles of Incorporation.

In other words,
Sameer the $USER is very different from President/Chairman Sameer Parekh of C2, Inc.

A non-profit corporation is considably different,
and for certain reasons,
would not be as good as for-profit for potentially shielding civil liability.
(Unfortunately, case law suggests that.)

! consider incorporating a company, and making the remailer a function of 
! that company.  That way, any losses are restricted to the total value of 
! the corporation; that is, nothing.  Any flaws?  There must be something 
! wrong with it somewhere.

Less freedom than the sole-proprietor.
Following the corporate protocols.

! Thanks.

Thank you for your contribution,
Qut

Corporations are creations of the Sovereign; for this reason they have no 
rights. Certainly not a right to Not Act As A Witness Against Oneself.

On Mon, 20 May 1996, Senator Exon wrote:

> How do corporations work, in terms of liability?  If the cost of 
> incorporating isn't forbidding, I would think a remailer operator might 
> consider incorporating a company, and making the remailer a function of 
> that company.  That way, any losses are restricted to the total value of 
> the corporation; that is, nothing.  Any flaws?  There must be something 
> wrong with it somewhere.

All the corporate officers are public knowledge.
The corporate veil can pretty easily be perferated if there is a willful
attempt to avoid liability when conduct gets above a certain threshold.

This would be pretty easy to show in the event the corporation never made
dime one and never intended to.

Using corporations as a shield is, in my view, less desireable than having
blinded remailers.

> 
> Thanks.
> 
> 
> 

---
My preferred and soon to be permanent e-mail address:unicorn@schloss.li
"In fact, had Bancroft not existed,       potestas scientiae in usu est
Franklin might have had to invent him."    in nihilum nil posse reverti
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Opp. Counsel: For all your expert testimony needs: jimbell@pacifier.com

Black Unicorn <unicorn@schloss.li> writes:

> On Mon, 20 May 1996, Senator Exon wrote:
> 
> > How do corporations work, in terms of liability?  If the cost of 
> > incorporating isn't forbidding, I would think a remailer operator might 
> > consider incorporating a company, and making the remailer a function of 
> > that company.  That way, any losses are restricted to the total value of 
> > the corporation; that is, nothing.  Any flaws?  There must be something 
> > wrong with it somewhere.
> 
> All the corporate officers are public knowledge.

You seem to be confused. If the corporation isn't publicly traded, why should
any information other than the address for service of process be public?

> The corporate veil can pretty easily be perferated if there is a willful
> attempt to avoid liability when conduct gets above a certain threshold.
> 
> This would be pretty easy to show in the event the corporation never made
> dime one and never intended to.

What if the corporation intends to collect e-cash for operating the remailer?

(Of course, one can still be sued...)

---

Dr. Dimitri Vulis
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps

On Mon, 20 May 1996, Dr. Dimitri Vulis wrote:

> Black Unicorn <unicorn@schloss.li> writes:
> 
> > On Mon, 20 May 1996, Senator Exon wrote:
> > 
> > > How do corporations work, in terms of liability?  If the cost of 
> > > incorporating isn't forbidding, I would think a remailer operator might 
> > > consider incorporating a company, and making the remailer a function of 
> > > that company.  That way, any losses are restricted to the total value of 
> > > the corporation; that is, nothing.  Any flaws?  There must be something 
> > > wrong with it somewhere.
> > 
> > All the corporate officers are public knowledge.
> 
> You seem to be confused. If the corporation isn't publicly traded, why should
> any information other than the address for service of process be public?

Ask every state which has such reporting requirements (which is every
state in the union).

If you wanted to form an offshore corporation you'd have to form an
exempted one.

> 
> > The corporate veil can pretty easily be perferated if there is a willful
> > attempt to avoid liability when conduct gets above a certain threshold.
> > 
> > This would be pretty easy to show in the event the corporation never made
> > dime one and never intended to.
> 
> What if the corporation intends to collect e-cash for operating the remailer?

That would clearly change the analysis.

> (Of course, one can still be sued...)
> 
> ---
> 
> Dr. Dimitri Vulis
> Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps
> 

---
My preferred and soon to be permanent e-mail address:unicorn@schloss.li
"In fact, had Bancroft not existed,       potestas scientiae in usu est
Franklin might have had to invent him."    in nihilum nil posse reverti
00B9289C28DC0E55  E16D5378B81E1C96 - Finger for Current Key Information
Opp. Counsel: For all your expert testimony needs: jimbell@pacifier.com