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Re: Mr Wizard a1a post# 31175

Sunday, 11/23/2008 1:34:38 PM

Sunday, November 23, 2008 1:34:38 PM

Post# of 68510
Again, the bottom line is that Global Detector is the subsidiary of Paradigm Tactical/Paradigm Global. We are getting too wrapped around the axle about "sole proprietorship".


More examples and support for a "sole proprietor" operating in a corporate structure:

http://www.keytlaw.com/az/entities/soleprop.htm

The biggest disadvantage associated with operating as a sole proprietorship is that the owner has unlimited liability to creditors for obligations and liabilities of the business. For example, if the sole proprietor sends a secretary to the store to purchase paper and the secretary causes an auto accident in which somebody is killed or injured or property is damaged, the sole proprietor may be personally liable for the damages. If the sole proprietor had operated the business through a corporation or a limited liability company, the sole proprietor probably would not be personally liable for any damages arising from the accident.

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