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Re: Toastmasters?



On Mon, 20 May 1996, Senator Exon wrote:

> How do corporations work, in terms of liability?  If the cost of 
> incorporating isn't forbidding, I would think a remailer operator might 
> consider incorporating a company, and making the remailer a function of 
> that company.  That way, any losses are restricted to the total value of 
> the corporation; that is, nothing.  Any flaws?  There must be something 
> wrong with it somewhere.

All the corporate officers are public knowledge.
The corporate veil can pretty easily be perferated if there is a willful
attempt to avoid liability when conduct gets above a certain threshold.

This would be pretty easy to show in the event the corporation never made
dime one and never intended to.

Using corporations as a shield is, in my view, less desireable than having
blinded remailers.

> 
> Thanks.
> 
> 
> 

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