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Tom inherited his father's landscaping business, and incorporated

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Question

Tom inherited his father's landscaping business, and incorporated the business after he read an article in Lawn News, advising landscaping businesses to incorporate. Tom has been sued by a customer, whose prize rose bushes were accidentally demaged be a landscaper. Tom called his attorney, Hector, to represent him in the lawsuit. When Hector asked for the corporate minutes, Tom said, "What corporate minutes? Hector advised tom that his personal assets could be taken if he lost the suit, but Tom said, "No don't worry! I'm a corporation: I have no personal liability! iS tOM CORRECT?

 

Paper#31616 | Written in 18-Jul-2015

Price : $17
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