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<blockquote data-quote="LightPhoenix" data-source="post: 1145931" data-attributes="member: 115">None taken!&nbsp; I'm a biochemist, not a lawyer.&nbsp; If we were talking about making glowing plants, then I might take offense. <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f642.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":)" title="Smile&nbsp; &nbsp; :)"&nbsp; data-smilie="1"data-shortname=":)" />&nbsp;This was information told to me by a friend, who is starting a sports production company.&nbsp; His family's lawyer did tell him this, though I probably bungled the terms and such.&nbsp;I didn't say it specifically protected from lawsuits.&nbsp; It protects your personal assets from lawsuits.&nbsp; My friend was told that he (and his partner) could not have funds taken from personal accounts due to something like bankruptcy if they had a special business status.&nbsp; This may differ in a state that isn't NY, and hell, I (and my friend) could have been lied to.&nbsp; But this is what I heard, and I tend to believe it.&nbsp; Otherwise all those Enron people would be poor as paupers, and you better believe the CEO of Enron is still rolling in money.&nbsp;But, another good reason to investigate yourself!&nbsp; Not to offend anyone, but a public messageboard is not the appropriate place to get facts... just look at some of the oriental weapons threads in House Rules! <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f642.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":)" title="Smile&nbsp; &nbsp; :)"&nbsp; data-smilie="1"data-shortname=":)" /></blockquote>

[QUOTE="LightPhoenix, post: 1145931, member: 115"] None taken! I'm a biochemist, not a lawyer. If we were talking about making glowing plants, then I might take offense. :) This was information told to me by a friend, who is starting a sports production company. His family's lawyer did tell him this, though I probably bungled the terms and such. I didn't say it specifically protected from lawsuits. It protects your personal assets from lawsuits. My friend was told that he (and his partner) could not have funds taken from personal accounts due to something like bankruptcy if they had a special business status. This may differ in a state that isn't NY, and hell, I (and my friend) could have been lied to. But this is what I heard, and I tend to believe it. Otherwise all those Enron people would be poor as paupers, and you better believe the CEO of Enron is still rolling in money. But, another good reason to investigate yourself! Not to offend anyone, but a public messageboard is not the appropriate place to get facts... just look at some of the oriental weapons threads in House Rules! :) [/QUOTE]

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