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In the article, the author lost half a million over capitalization. Using just that example (because it’s what we’re talking about) explain how it matters very
by hluska 2y ago
In the article, the author lost half a million over capitalization. Using just that example (because it’s what we’re talking about) explain how it matters very little.
- gamblor956 2y agoNo, the author did not lose any money over capitalization. The author did not understand that capitalization was irrelevant. What was relevant was that the author failed to properly disclosed a "connected person" as defined in the legal agreement. The law he was referencing would have done nothing to address/correct his failure, regardless of the capitalization used.