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Author Topic: Hyperion's statement on litigation with Amiga Inc.  (Read 6521 times)

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Offline Piru

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Re: terminology ununderstanding
« on: May 02, 2007, 01:53:08 AM »
@weirdami
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What does "VOF" mean?

"Vennootschap onder firma" or General partnership

Which means:
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The owners are all liable for legal actions and debts the company may face personally
 

Offline Piru

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Re: terminology ununderstanding
« Reply #1 on: May 02, 2007, 03:02:15 AM »
@weirdami
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I wonder if VOF here applies to Hyperion and Amiga, or just to the owners of Hyperion.

It applies to Hyperion only.

Amiga, Inc (as the name suggests) is an incorporation, where
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Protection of personal assets. Safeguarding personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the liabilities of a business such as loans, accounts payable, and legal judgements. In a corporation, however, stockholders, directors and officers typically are not liable for their company's debts and obligations.