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TSR3.5 Launches IndieGogo Campaign to "Stop" WotC
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<blockquote data-quote="Saracenus" data-source="post: 8483740" data-attributes="member: 47839"><p>Let me start with the standard, I Am Not A Lawyer, do not take what I say as legal advice.</p><p></p><p>I do however am involved with 6 different LLCs plus a C-Corp. All the LLCs that I have a stake in are partnerships and I help my mother administer two sole-proprietorships. I also slept at [brand] hotel and that somehow makes me smart.</p><p></p><p>The short answer is, its complicated. If you lie on your paperwork the only way that it makes your personal assets vulnerable is if the LLC is somehow invalidated. There is a concept of "<a href="https://www.law.cornell.edu/wex/piercing_the_corporate_veil" target="_blank">Piercing the Corporate Veil</a>" in US law. I think this is one you are asking about, because when you do this you loose the limited liability provided by your business. You have to do something pretty egregious for the courts to remove it.</p><p></p><p>And as slimy as NuTSR is acting it probably doesn't rise to this level, unfortunately. Believe me, I would love to see them get smacked hard by the courts.</p><p></p><p>And by the way, it is unlikely WotC will own the tattoo parlor, it is probably a separate corporate entity and this not subject to any claims in the NuTSR legal battle, even if Lanassa is an owner of it because the Corporate Veil will protect his personal assets and the other corporate entities that are separate from NuTSR. The only way the tattoo parlor comes into play is if Lanassa co-mingled funds directly between the two entities.</p><p></p><p></p><p>I am sure the lawyers on this board can give a more nuanced version of this (without it being legal advice).</p></blockquote><p></p>
[QUOTE="Saracenus, post: 8483740, member: 47839"] Let me start with the standard, I Am Not A Lawyer, do not take what I say as legal advice. I do however am involved with 6 different LLCs plus a C-Corp. All the LLCs that I have a stake in are partnerships and I help my mother administer two sole-proprietorships. I also slept at [brand] hotel and that somehow makes me smart. The short answer is, its complicated. If you lie on your paperwork the only way that it makes your personal assets vulnerable is if the LLC is somehow invalidated. There is a concept of "[URL='https://www.law.cornell.edu/wex/piercing_the_corporate_veil']Piercing the Corporate Veil[/URL]" in US law. I think this is one you are asking about, because when you do this you loose the limited liability provided by your business. You have to do something pretty egregious for the courts to remove it. And as slimy as NuTSR is acting it probably doesn't rise to this level, unfortunately. Believe me, I would love to see them get smacked hard by the courts. And by the way, it is unlikely WotC will own the tattoo parlor, it is probably a separate corporate entity and this not subject to any claims in the NuTSR legal battle, even if Lanassa is an owner of it because the Corporate Veil will protect his personal assets and the other corporate entities that are separate from NuTSR. The only way the tattoo parlor comes into play is if Lanassa co-mingled funds directly between the two entities. I am sure the lawyers on this board can give a more nuanced version of this (without it being legal advice). [/QUOTE]
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TSR3.5 Launches IndieGogo Campaign to "Stop" WotC
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