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PennyWorld

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Re: Vanilla Fitbit post# 746

Friday, 02/04/2022 1:51:48 PM

Friday, February 04, 2022 1:51:48 PM

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I believe that the 25K can be used for most forms of 'cost of doing business' (including lawsuits against the company). We may need an CPA or lawyer chime in on that question. But ask yourself...where else would the $$ to defend themselves come from? JJ's own back pocket? NO WAY! That would happen in a 'sole proprietorship', not a formal corporation.
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