Scale Capacity
December 11th, 2010
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How far does the liability protection of an LLC really extend?
Hey there,
I’m a 20 year old business student at a major university and have recently started planning out this idea. I want to lease a small space to run a very small concert venue out of, for more underground styles of music. The capacity of the building is no more than 250-300 people.
I’ve got every aspect of it planned out, and have already been involved in the music industry since my early teens so I’ve got a decent foundation of knowledge and experience of the music business on a small scale. Financially I am capable of doing this, and have already got enough interest in it to possibly make it quite successful.
My dad thinks this idea is only going to land me in legal trouble. This concert venue would be registered as an LLC, but how much protection does that really provide? What if, just assuming for worst case scenario purposes, someone gets hurt or dies and its something insurance won’t cover. Is this protected under the LLC?
Thanks, looking forward to responses.
A LLC will provide you protection. It is as it says, limited liability corporation. However, it doesn’t protect you from criminal liabilities such as fraud and misconduct not that you plan to commit fraud but someone’s lawyer can try to claim that. The best thing is to check with your lawyer and accountant. You may want to consider a C corporation to give you better protection.
Taylor Digital Measuring Cup and Scale
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60 lb. Capacity Counting Scale $340.53 Accurate, economical counting scale is ideal for office and light industrial applications. Countcheck and Accumulation functions allow users to easily verify shipping and receiving package and piece counts. Configurable auto-off conveniently conserves battery power. Comprehensive keyboard controls provide simple one-touch access to all special features, including Countcheck, Accumulation, Units, Tare and Save. Rugged ABS plastic base and stainless steel weight platter are constructed to last. Built-in, rechargeable lead-acid battery powers the scale for up to 20 hours on a single charge and is capable of powering the scale while recharging. Scale Type: Counting; For Carriers: N/A; Electronic/Mechanical: Electronic; Increments: 0.010 lbs.; 5.000 g. |
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Scale $123.2 Scale |
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To Scale $123.2 To Scale |
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Taylor 701440132 Lithium Scale w/ 330-lb Capacity, 1-in LCD Readout $42 Lithium Scale, 330lb/150kg capacity, 1″ LCD readout, molded platform with silvertone bezel accent |
