11 Reader Responses

1. James Russell Says:
   December 1st, 2007 at 3:29 am

   How odd. A friend of mine was saying to me just last night I should think about registering myself as a business.

   I still don’t know what the purpose would be, though.

2. Thirtyseven Says:
   December 1st, 2007 at 6:01 pm

   Being able to write off purchases on your taxes alone is a good “purpose.” Not to mention all the legal layers of liability insulation that comes from acting as a corporation. I agree 110%, everyone should be getting on this. I’m starting no less than three corporations this month.

3. p Says:
   December 1st, 2007 at 8:39 pm

   I formed an LLC when I was a full-time contractor. it turned out to be money in the hole and my state taxes actually went up quite a bit, but I understand that’s not very common.

   I am also reminded of this kid:
   http://www.washingtonpost.com/wp-dyn/articles/A24016-2005Apr3.html
   who actually committed a murder, forming a corporation for the purpose beforehand, to try and force the issue of corporate liability. (he of course was found guilty as an individual.) (further nota bene for wiretappers and spooks: NOBODY HERE ENDORSES ANYTHING LIKE THIS.)

4. alistair Says:
   December 1st, 2007 at 9:18 pm

   [Comment removed by Tim Boucher]

5. Tim Boucher Says:
   December 1st, 2007 at 11:22 pm

   I’m not advocating that anybody do anything except for spend the time you would normally spend next year on “following the election” learning about how business and legal systems work, and making a profitable business to protect your family and the people you love and to add value to the rest of the community.

6. Ted Heistman Says:
   December 2nd, 2007 at 1:10 am

   Allistair that is an abandoned domain name.

7. carlos Says:
   December 2nd, 2007 at 7:09 am

   [Comment removed by Tim Boucher]

8. carlos Says:
   December 2nd, 2007 at 7:19 am

   It’s not that it’s a bad idea, it’s just that I’m paranoid enough without having to worry about hostile takeover bids or being kicked off the board of directors via some technicality or whatever. What if carlos, Inc. becomes the next Monsanto? It’s all a little too Frankenstein for my liking.

9. alistair Says:
   December 2nd, 2007 at 2:36 pm

   http://www.detaxcanada.org/

   carlos, most corporations function smoothly for generations without machiavellian powerplays, but the newspapers like to sensationalise to sell ink, so we tend to see only the bureaucrats “behaving badly” as it were……

   for the person wanting freedom and having incured problems with financial issues in the past detax might be a strategy.

   dangerous ideas though.

   pick your poison.

10. p Says:
    December 2nd, 2007 at 4:28 pm

    Kongō Gumi, a family company that lasted 1400 years, before it was bought out in 2006.

11. carlos Says:
    December 3rd, 2007 at 4:13 am

    Thanks guys, I feel marginally better.

    But maybe I’m the one to watch out for. What if my corporation is powerful, how easily am I corrupted?

    This may be like unleashing a million pirahnas to fight off a handful of sharks.

    Sure the sharks are gone, but now what?

    Actually that would be pretty awsm. I’m in.

    See you next financial year in Jerusalem!