Protecting assets

Incorporate, advises commenter Benjamin, at Carpe Diem, where the talk is the Americans With Disabilities Act, now 20 years old, as foolish, expensive, and dictatorial, thanks, says Benjamin, to judges and lawyers with “no concept [of] costs, or the costs they are imposing on society”:

[Y]ou can almost always avoid any personal liability by forming a corporation. The corporate shield is a marvelous fiction, and ensconced behind it, you are nearly impervious. Just keep few assets in the corporation, and declare bankruptcy if met with untoward judgments.

A word to the wise, to be sure.

(HT News Alert)

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