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Author Topic: Commodore USA - more delays? You're kidding?  (Read 18528 times)

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Offline Kesa

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Re: commodore usa - more delays? Your kidding?
« on: April 22, 2011, 03:22:24 AM »
Quote from: Darrin;632838
Ah, but they won't need to head offshore to escape the angry mob, they just need to head to the lawyer and disolve the company.

"Commodore USA" is actually "Commodore USA LLC" and it is the "LLC" part which is very important because it stands for "Limited Liability Company".  What it means is that if the company does something "wrong", then you can only sue the company and the company assets for compensation, and not the actual company owner and his personal assets.  So, if the company becomes bankrupt or has no assets then you're SOL.

How do I know this?  Because my company is a LLC too.  :D

In Australia it's a little different. A company that is Limited means a limited number of shareholders that company can have. But i think you are talking about Incorporation which means a company becoming its own legal entity therefore removing any liability from its owners. This is effective that it protects its owners from liability but it works only to a certain point, it must be lawful. Remember Barry is a director of a company so if he makes a profit and the coy goes into liquidation he might still be liable. Maybe you could get him on fraud or oppressive behaviour as a director? Whatever, but you could maybe get him on criminal charges and not just civil. My point is that if you can show he is dishonest then the LLC means nothing. If this happens in Australia, and he is liable, then they simply brush aside any limited liability. Not sure how it works in America though. Please tell... :)

P.S. what coy do you own, i wanta looky :)
« Last Edit: April 22, 2011, 03:33:34 AM by Kesa »
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Offline Kesa

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Re: Commodore USA - more delays? You're kidding?
« Reply #1 on: April 23, 2011, 12:56:02 AM »
Quote from: jorkany;633163
True!

How's your lawsuit coming along by the way?

Lawsuit? :confused:

Please tell...
Even my cat doesn\'t like me.