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Probably not. I'm not saying "don't form LLCs" — it's probably in itself a good idea for any slightly serious project — but rather that it isn't a substitute fo
by buu700 8y ago
Probably not. I'm not saying "don't form LLCs" — it's probably in itself a good idea for any slightly serious project — but rather that it isn't a substitute for complying with the law.
I say this from experience because I once made exactly that mistake (formed an LLC that was otherwise unnecessary specifically to protect against potential legal consequences of a side project, only to find out from a Google Alert six months later that a lawsuit had been filed against me personally).
- ccostes 8y ago> find out from a Google Alert Does this mean there was an article or something online before you were contacted about the lawsuit?
- buu700 8y agoYep, that one was an interesting surprise.
- riku_iki 8y agoI am very curious what lawsuit was about..
- buu700 8y agohttps://news.ycombinator.com/item?id=5547151 https://news.ycombinator.com/item?id=5547151 https://techcrunch.com/2013/04/14/napster-fm-is-an-open-source-social-music-player-that-can-be-hosted-by-anyone-in-case-of-shutdown https://techcrunch.com/2013/04/14/napster-fm-is-an-open-sour... https://www.law360.com/cases/52953cd03fdd847f5200a5c8 https://www.law360.com/cases/52953cd03fdd847f5200a5c8