Thread: Wish Me Luck !
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Terry Coombs Terry Coombs is offline
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Default Wish Me Luck !

Jim Chandler wrote:
On Tue, 25 Nov 2008 17:41:57 -0600, "Karl Townsend"
wrote:

I my opinion - and my experience bears this out - anyone that's
willing to get off their ass and WORK can make a living . Unlike
those who sit on their ass and whine about how bad things are .
Which are you , Hawke ?


Great attitude. FWIW, the whole world told me I was f$%^ing nuts
when I quit my job in 1991 to grow apples. Its been 17 years and
I've never looked back. Personally, I wouldn't worry too much about
insurance until you start to make a profit. You're taking a risk,
but the scammers only go after deep pockets. My feeling is you can
easily overinsure yourself and doom any chance of profit.

Karl



Someone on the ultralight forum the other day suggested that someone
in a situation such as yours incorporate so as to keep your personal
assets clear of the business. Your liability exposure should be
minimal. They suggest that after forming your corporation that you
carry NO liability insurance whatever. As was said above, the lawyers
only go after deep pockets and if you don't even HAVE any poskets,
they're not going to be bothered.

Jim


Kinda counter-intuitive , but it makes sense !
--
Snag
sometimes ya gotta
shovel manure
to pay the bills