[WSBAPT] < Protecting Assets via Forming "Inc." >

[jeffrey winter]

Also, I believe that with respect to tort liability, the incorporators
will remain liable for their own personal acts & omissions....
 
Jeff Winter
 



Law Office of Jeffrey D. Winter, P.S.
604 North Main Street
Ellensburg, WA 98926
(509) 925-9600 tel.
(509) 925-9606 fax


 

  _____  

From: jim at doranlegal.com
To: wsbapt at lists.wsbarppt.com
Subject: RE: [WSBAPT] < Protecting Assets via Forming "Inc." >
Date: Tue, 1 Jul 2014 14:56:30 -0700



Briefly: The purpose of forming a corporation is to protect personal
assets from liabilities including judgments.  However, the formation
cannot be done and assets transferred to the corporation as a mere attempt
to avoid the judgment.  That would be a fraudulent transfer and could be
set aside.  It depends upon “when” the corporation was formed and “when”
the liability was incurred.

 

James R. Doran

Attorney at Law

100 E. Pine Street – Suite 205

Bellingham, WA 98225

(360)393-9506

jim at doranlegal.com

www.doranlegal.com

 

From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Victor R
Sent: Tuesday, July 1, 2014 12:41 PM
To: WSBA RPPT Probate & Trust Discussion Forum
Subject: [WSBAPT] < Protecting Assets via Forming "Inc." >

 

Members:

 

Have any of you advised protection of assets in the event of a lawsuit
judgment against them by forming a corporation?




 

-- 
                                                    
Victor Ro, Esq.
THE RO FIRM, P.S.C.
A Professional Services Corporation
5400 Carillon Point
Bldg. 5000, 4th Floor
Kirkland, WA 98033
Tel:  (206) 319-7072
Fax: (206) 319-4470

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