3 ms·
the solution to this sort of thing is to always wrap yourself in a limited company... company formation in the UK costs around £20 and then you're personally i
by blibble 13y ago
the solution to this sort of thing is to always wrap yourself in a limited company...
company formation in the UK costs around £20 and then you're personally immune to this sort of legal bullying
- ksrm 13y agoHow so?
- blibble 13y agoso say a new shiny product (an extension) is produced by a newly founded company (smallco). bullyco decides they don't like this and sues smallco. what's the most the owners (shareholders) of the smallco can lose? their share capital (likely £1).
- lancewiggs 13y agoAnd then they sue the directors. Limited liability is sadly inadequate in today's world. On the other hand it's also good to be able to go after the people behind companies that are truly fraudulent.
- blibble 13y agothere's nothing fraudulent or criminal about what this extension is doing, at most it's breach of contract and possibly tortious interference, neither which would allow the 'injured' party to go after the directors