Bill Sheehan (w.sheehan@WORLDNET.ATT.NET)
Sat, 22 Aug 1998 18:50:25 -0400
I have some doubt that incorporation would increase liability, even
for officers. The worst type of organization to have is an
"unincorporated association" because there is cross-liability between
members. In the case of a corporation, you are generally not responsible
for the negligence of another person who is acting on the corporation's
behalf, you are only responsible for your own personal negligence.
[Sheehan] Not so. There are all kinds of ramifications these days if you
are a member of a corporation and did not blow the whistle or stop certain
actions. You could be found negligent or even liable anyway. I don't think
so, I know that incorporation is a BAD idea. The ability to nestle under
the umbrella of the chartered organization is gone, and will be a royal
pain. How would you organize as a 503 or an S corp?
Terry Howerton Sakima Group, Inc. SCOUTER Magazine Kansas City