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Not true- as an individual you are liable for everything you do. Incorporation shields personal assets from corporate liability and usually shields corporate o
by efitz 2y ago
Not true- as an individual you are liable for everything you do.
Incorporation shields personal assets from corporate liability and usually shields corporate officers, and in any case corporate officers usually have officers & directors insurance, so they are largely unaffected by lawsuits.
Not to mention the sheer scale difference- having to fight a lawsuit can cost hundreds of thousands of dollars; most individuals can’t afford to fight legally, either offensively or defensively, like most corporations can.