Comments on: Fantasy Authors, Tax Policy & Veil Piercing http://www.concurringopinions.com/archives/2008/04/fantasy_authors_1.html The Law, the Universe, and Everything Sun, 22 Nov 2009 04:22:46 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Cathy http://www.concurringopinions.com/archives/2008/04/fantasy_authors_1.html/comment-page-1#comment-49451 Cathy Tue, 29 Apr 2008 23:18:29 +0000 http://www.solove.org/archives/2008/04/fantasy-authors-tax-policy-veil-piercing.html#comment-49451 I keep hearing radio commercials out in California for one of those "Get Rich" seminars, and there's always a testimonial by this woman who brags, "I've got a C corp, 2 S corps, 6 LLCs..." etc., and all I can think on hearing this is that she'd better hope she never gets sued, because some lawyer's gonna love to pierce her corporate veil. (I also can't help thinking that it taps into some interesting American myth that if you can incorporate into a business, you've somehow "made it.") I keep hearing radio commercials out in California for one of those “Get Rich” seminars, and there’s always a testimonial by this woman who brags, “I’ve got a C corp, 2 S corps, 6 LLCs…” etc., and all I can think on hearing this is that she’d better hope she never gets sued, because some lawyer’s gonna love to pierce her corporate veil.

(I also can’t help thinking that it taps into some interesting American myth that if you can incorporate into a business, you’ve somehow “made it.”)

]]> By: Maryland Conservatarian http://www.concurringopinions.com/archives/2008/04/fantasy_authors_1.html/comment-page-1#comment-49450 Maryland Conservatarian Tue, 29 Apr 2008 20:54:04 +0000 http://www.solove.org/archives/2008/04/fantasy-authors-tax-policy-veil-piercing.html#comment-49450 So he paid instead of getting money back - if it was paid on 4/15 without penalty then he did a good job of tax planning...unless he likes lending money to the governmemt interest-free. As to a new corporate identity: Single-member LLC? S-Corp? C-Corp? Trust me - if it was that easy, we'd all be doing it. So he paid instead of getting money back – if it was paid on 4/15 without penalty then he did a good job of tax planning…unless he likes lending money to the governmemt interest-free.

As to a new corporate identity: Single-member LLC? S-Corp? C-Corp? Trust me – if it was that easy, we’d all be doing it.

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