From: Black Unicorn <unicorn@schloss.li>
Date: Tue, 21 May 1996 16:20:38 +0800
To: "Dr. Dimitri Vulis" <dlv@bwalk.dm.com>
Subject: Re: Toastmasters?
In-Reply-To: <DPH9ND2w165w@bwalk.dm.com>
Message-ID: <Pine.SUN.3.93.960520172826.3940D-100000@polaris.mindport.net>
MIME-Version: 1.0
Content-Type: text/plain


On Mon, 20 May 1996, Dr. Dimitri Vulis wrote:

> 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?

Ask every state which has such reporting requirements (which is every
state in the union).

If you wanted to form an offshore corporation you'd have to form an
exempted one.

> 
> > 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?

That would clearly change the analysis.

> (Of course, one can still be sued...)
> 
> ---
> 
> Dr. Dimitri Vulis
> Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps
> 

---
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