>Business Entity Mistakes ? Criminal Conduct and Independence
Posted by nick_niesen on October 27th Maglia Borja Valero , 2010


In this age of information, most small business owners understand they need the protection provided by a corporation or limited liability company. Such protection, however, can be lost though certain actions.


Criminal Action


Creating a business entity only protects a business and shareholders from civil liability. Civil liability arises from a body of state and federal law that allows for compensation for alleged wrongs. These wrongs can arise in the form of negligence Maglia Kwadwo Asamoah , contractual breach and so on. If an entity is found civilly liable, it must pay compensation, but no jail time is involved.


Neither a corporation, limited liability company nor any other entity will protect anyone from criminal liability. Claims to the contrary published on various web sites are simply wrong. A person forming a corporation to front for a ponzi scheme or scam to defraud consumers is going to receive no protection from criminal prosecution. If you have any doubts on this issue Maglia Matteo Politano , simply consider the recent criminal convictions of the Tyco and Enron executives.


Standing Apart


Both corporations and limited liability companies are considered to ?stand apart? from their investors for legal purposes. In essence, both entities are considered to be ?persons? under the law. This legal fiction is, of course, what gives rise to the asset protection element of both entities. Unfortunately Maglia Radja Nainggolan , many small businesses don?t understand this distinction and lose the asset protection when the most need it.


To maintain the asset protection benefits of a business entity, you must treat it as an independent party. For instance, you do not ?own? a corporation. Such statements can come back to haunt you when a plaintiff?s attorney presents them in court while arguing the entity is a sham. To avoid this problem, you can simply say you are the President of the business entity or whatever position you hold.


In Closing


Forming a business entity is a necessary step for most small businesses. Once the entity is formed Maglia Matias Vecino , make sure you follow the necessary formal procedures to maintain asset protection.






The next time you say that your job is killing you, you may just be on to something.

The UK currently has the longest average working week in Europe and there is mounting evidence that overwork is taking its toll on the British workforce. For example:

?Approximately 106 million working days are lost through back pain, costing the UK economy ?.2 billion.
?Approximately 90 million working days are lost across the UK as a result of stress-related absence.
?Stress experts state that consistently working more than 45 hours a week can damage your health, physically and psychologically.


The irony of us becoming a nation of workaholics is that in long term it has adverse effects on businesses. Recent research has indicated that lower and not higher working hours relate directly to higher productivity.

One of the sacrifices of over-working is that less time is devoted to leisure or recreational activities Maglia Yann Karamoh , the very thing that can combat stress and give increased welfare that would allow us to work harder and for longer.

One such leisure activity is exercise. The benefits of exercise are long established. It has a direct effect on preventing or helping a range of illnesses including diabetes, heart disease and osteoarthritis. For the young it is an important means in helping build healthy bones, muscles, and joints. For the old it is a vital means in reducing the risk of major illness and premature death. For everyone in between Maglia Stefan de Vrij , regular activity reduces the risk of disease, controls weight gain, slows ageing and increases psychological well-being.

For those who prefer activities a little more daring than an hour on the treadmill, there are a range of extreme sports and activities that are a fantastic means of expelling all that pent up work-related stress. An extreme sport is any activity that has an element of danger attached to it. Apart from the risk element Maglia Roberto Gagliardini , many of these sports have a positive effect on your well-being and are great for shaping up physically.

So what is stopping us? There are countless organisations and clubs out there with ideas and activities from the easy to the extreme. All of us need to find the time to relax and unwind after a long day聮s work. We live in such a fast paced society. Our world is one filled with endless tasks and demands. If we are feeling overwhelmed with too much stress and pressure, we will not be able to cope with all that life presents before us. These factors make it extremely important for all of us to find time for leisure.

For more information about a selection of leisure opportunities that are open to you see:






Mark loves travelling and partying hard, along with relaxing to some inspiring music. Mark is a freelance health and fitness writer and has published work on behalf of a number of blue-chip clients.


>Launch your Home-Based retail business through the roof!

Posted by nick_niesen on October 28th, 2010


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