From: dlv@bwalk.dm.com (Dr. Dimitri Vulis)
Date: Tue, 21 May 1996 15:29:22 +0800
To: cypherpunks@toad.com
Subject: Re: Toastmasters?
In-Reply-To: <Pine.SUN.3.93.960520074728.29440C-100000@polaris.mindport.net>
Message-ID: <DPH9ND2w165w@bwalk.dm.com>
MIME-Version: 1.0
Content-Type: text/plain


Black Unicorn <unicorn@schloss.li> writes:

> On Mon, 20 May 1996, Senator Exon wrote:
> 
> > How do corporations work, in terms of liability?  If the cost of 
> > incorporating isn't forbidding, I would think a remailer operator might 
> > consider incorporating a company, and making the remailer a function of 
> > that company.  That way, any losses are restricted to the total value of 
> > the corporation; that is, nothing.  Any flaws?  There must be something 
> > wrong with it somewhere.
> 
> All the corporate officers are public knowledge.

You seem to be confused. If the corporation isn't publicly traded, why should
any information other than the address for service of process be public?

> The corporate veil can pretty easily be perferated if there is a willful
> attempt to avoid liability when conduct gets above a certain threshold.
> 
> This would be pretty easy to show in the event the corporation never made
> dime one and never intended to.

What if the corporation intends to collect e-cash for operating the remailer?

(Of course, one can still be sued...)

---

Dr. Dimitri Vulis
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps