WOW, that was an extremely long post. I agree with you for the most part, but I have to disagree on two things:
1) Definition of the American Dream (doesn't really matter as much)
2) This paragraph: "Basically, if you invest everything you have in your business, as most newcomers do, you don't usually need a corporation because you have nothing to protect. Your household possessions, personal belongings, generally your car, and even a portion of the equity in your home is protected by the homestead provision of the Federal Bankruptcy Act, and cannot be taken away from you."
Which country are you talking about? I've never heard of something like this before in any country. I've heard of similar things, however, if you do invest enough money, and you lose it, regardless if you file for bankruptcy, they can still be possessed by whoever you owe money



LinkBack URL
About LinkBacks
Reply With Quote