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Risk Management, Personal and Business

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sirmikey1
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Risk Management, Personal and Business  Reply with quote  

Hi all,

Lately I've been working to seperate personal and business risk, and would appreciate any advice you may have. My main point is to be able to protect myself from judgement or lien by seperating anything and everything possible.

When signing business contracts, many business owners will usually sign their name and then NP (non personal) beside their name.

I also noticed recently, where a business owner had opened a corporate name with his name initials, JD Adams, and he would sign that instead of his full name. Legal? Will this work? I think he may have been signing initials and NP below that.

Well, does this keep the monkey off of your back should the business
go under or there be any defaults? Any other tricks, hints, suggestions?

Thanks,
SirMikey
Post Mon Mar 16, 2009 10:53 am
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coaster
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I'm pretty sure you have to be incorporated to be absolved of any personal liability.

~Tim~
Post Mon Mar 16, 2009 1:38 pm
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suraja
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Yes it's legal, initials and NP works for you
Post Sun Apr 05, 2009 12:27 pm
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No-Brainer
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It's NOT that simple, even a corporate shell can be pierced by a good attorney unless you have every i dotted and every t crossed. Miss keeping the corporate minutes for a year or two and it's worthless, as many have learned the hard way.

DISCLAIMER: This is not legal advice and I am not an attorney

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Post Sun Apr 05, 2009 1:48 pm
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