Look. I totally agree that you should grab some sort of limited liability protection. I am not a lawyer, so most of this stuff is hear-say or just random obser

Look. I totally agree that you should grab some sort of limited liability protection. I am not a lawyer, so most of this stuff is hear-say or just random observations from my, to be honest, limited knowledge of the legal system. I do know however that setting up a LLC or C-corp WITHOUT any tangible assets, as most string-budget startups are, IS piercable. http://wyomcases.courts.state.wy.us/applications/oscn/deliverdocument.asp?citeid=380781 http://wyomcases.courts.state.wy.us/applications/oscn/delive... That's the specific case that's often cited for precedent in LLC piercing. HOWEVER -- THIS IS THE BIG HOWEVER -- If you have any sort of funding, I'd say over $20,000, you should grab some sort of limited liability coverage ONCE you get traction. But since we're all just guessing about the actual legality of this stuff, why don't we have someone that is an actual lawyer come and put an end to this debate.