My crony is the tiny commercial operation owner, as well as recently, he concerned in the tiny box law suit, given his commercial operation is so slow, he (or his business) can not means to compensate for the chastisement (more than $5k), prior to the last of the justice preference (he consider he will lost), he wish to tighten the business.
The subject is, will he take the shortcoming for the box even after tighten the business, will which legal case reason the guilt for his own personal asset.
Any idea for him to pass the crisis. Thanks.
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{ 2 comments… read them below or add one }
1) How are we supposed to know what “HE” will do?
2) As far as his personal assets, those will ONLY come into play if the business was established as a sole proprietorship or a partnership. If he incorporated then they cannot be touched.
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