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Re: To "LLC" or not to "LLC" ???

Posted: Wed Jul 17, 2013 9:30 pm
by Neverpanic1
Well....
Name chosen not looking good for me as an LLC. I'm needing to get permission from the other "party". :banghead:

Re: To "LLC" or not to "LLC" ???

Posted: Sat Aug 03, 2013 9:26 am
by Munson
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

Re: To "LLC" or not to "LLC" ???

Posted: Sat Aug 03, 2013 11:44 am
by kg5ie
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... :lol:

Re: To "LLC" or not to "LLC" ???

Posted: Sat Aug 03, 2013 4:07 pm
by tacticool
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.
What kind of law does he practice? I've got 99 reasons my business is an LLC but a bread truck aint one.

Re: To "LLC" or not to "LLC" ???

Posted: Sat Aug 03, 2013 8:59 pm
by switch
Remember your lawyer is going to charge you to set up your LLC. There might be a conflict of interest. :)

Re: To "LLC" or not to "LLC" ???

Posted: Sun Aug 04, 2013 12:22 pm
by gringo pistolero
switch wrote:Remember your lawyer is going to charge you to set up your LLC. There might be a conflict of interest. :)
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. :evil2:

Re: To "LLC" or not to "LLC" ???

Posted: Sun Aug 04, 2013 4:32 pm
by switch
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. :)