Well....
Name chosen not looking good for me as an LLC. I'm needing to get permission from the other "party".
To "LLC" or not to "LLC" ???
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Re: To "LLC" or not to "LLC" ???
Texas LTC Instructor/ NRA Certified Instructor
Re: To "LLC" or not to "LLC" ???
I was advised by my lawyer that LLC's only apply if you have employee's. Short of employee's, it does absolutely nothing. He used the bread truck example...must be something they teach in law school. I asked him about protection if a student shoots another student and once again he said it would do nothing. More than likely they will go after the student that shot him. If they do go after you, it will all come down to testimony of those students present and also past classes as to what type of environment you set on the range. Assuming you have done everything possible to mitigate it, that all you can do. Insurance will cover everything that you need to get by, and you need that anyways even with an LLC. Just my .02
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Re: To "LLC" or not to "LLC" ???
Munson wrote:I was advised by my lawyer that LLC's only apply if you have employee's. Short of employee's, it does absolutely nothing. He used the bread truck example...must be something they teach in law school. I asked him about protection if a student shoots another student and once again he said it would do nothing. More than likely they will go after the student that shot him. If they do go after you, it will all come down to testimony of those students present and also past classes as to what type of environment you set on the range. Assuming you have done everything possible to mitigate it, that all you can do. Insurance will cover everything that you need to get by, and you need that anyways even with an LLC. Just my .02
Your lawyer and mine obviously went to different law schools. Mine advised to LLC. Of course mine went to the University of Texas so that may be an issue...
Bill Davis [kg5ie]
TX LTC Instructor / School Safety Instructor
NRA Pistol Instructor
http://safe-2-carry.com
TX LTC Instructor / School Safety Instructor
NRA Pistol Instructor
http://safe-2-carry.com
Re: To "LLC" or not to "LLC" ???
What kind of law does he practice? I've got 99 reasons my business is an LLC but a bread truck aint one.Munson wrote:I was advised by my lawyer that LLC's only apply if you have employee's. Short of employee's, it does absolutely nothing. He used the bread truck example...must be something they teach in law school.
When in doubt
Vote them out!
Vote them out!
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Re: To "LLC" or not to "LLC" ???
Remember your lawyer is going to charge you to set up your LLC. There might be a conflict of interest. :)
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Re: To "LLC" or not to "LLC" ???
Forming an LLC in Texas is less work than registering a motor vehicle purchased in a private sale out of state. If you're looking for ulterior motives, ask yourself who you would call if you got sued as a sole proprietor.switch wrote:Remember your lawyer is going to charge you to set up your LLC. There might be a conflict of interest. :)
I sincerely apologize to anybody I offended by suggesting the Second Amendment also applies to The People who don't work for the government.
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Re: To "LLC" or not to "LLC" ???
How many people hire an attorney to register their car? It may be easier to file an LLC but it's a lot more expensive. :)