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Forming a Wisconsin LLC

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Re: Forming a Wisconsin LLC

Postby Cornbread » Mon Jun 11, 2012 9:54 pm

snoqueen wrote:So you think forming a limited liability corporation is some kind of leftist scheme?


I don't know how many times I've asked it, maybe three in this thread, but I'll ask it again, "Why do you want a to be a limited liability corporation?"

With you favoring socialism and leftists like you constantly scorning even the very word, "corporation", why do you want to be a corporation?

You've said you can write off business expenses, but that's not unique as a sole proprietorship can also do it.

Are you going to be a publicly traded corporation? A wall street corporation?

I've stated every reason TO be a corporation and you and west sider haven't said "no" to any of it.
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Re: Forming a Wisconsin LLC

Postby Cornbread » Mon Jun 11, 2012 10:30 pm

WestSideYuppie wrote:Yes, if "leftists" includes everybody to the left of Stupid.

the leftist condescension continues....

Corporations are a liberal institution,

Liberal in the sense of 250 years ago or liberal in the more modern, leftist sense that started in the 1960s?

in the sense that they involve the grant of an entitlement (liability limitation) in return for the expectation that they will produce a social benefit (greater prosperity).


So you are in favor of not holding people/partnerships/corporations liable for pollution if they create the social benefit of taxes paid and jobs? Or defective products?
We can protect them from liability of the corporation if they provide, as you say, "greater prosperity", no?
Or did you mistype what you just typed?

This deal -- accepting regulation in return for an entitlement -- could be seen as a basic social contract.

You are quite the vague, conceptual person. No problem with that, but I'll keep translating your vagaries into every day english. ;)

So then all the leftists/socialists frothing and stomping about the evil deeds of corporations basically are all full of feces? Aren't they just upholding their end of the social contract you mentioned?
If they stay w/in all the regulations and pay all their taxes according to law, why all the hand wringing from you lefties?

Far from banning corporations,

I don't recall anyone on this thread talking about banning corporations. I think you really should either get out of madison/dane county or find some non leftist people to actually have discussions with. Publicly traded corporations are the ONLY way the non "rich" can afford to actually own a part of a business.

All your BS about "social contracts" and other babblings are little more than coffee house chatter. THE reason for a corporation is to raise money for a business--and by doing so, let others that don't have a lot of money, actually have ownership in a business.

In my view, a person could engage in corporate activity while also engaging in public debate over the appropriate activities and regulation of corporations, with no inconsistency or hypocrisy.


I think I can safely translate that into, "I'll buy into being a corporation, but these are the things I think that should entail, thus all the other corporations should do the same".

Why don't you just do your own work, live your own life and let others do theirs how they see fit? THAT'S the difference between you leftists and conservatives......we don't want to run other people's lives, businesses, etc.

So I guess our social contract would be, "Leave us alone". ;)
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Re: Forming a Wisconsin LLC

Postby peripat » Mon Jun 11, 2012 11:06 pm

LLCs are not necessarily corporations. They can choose to be taxed as corporations or as soleproprietorship/partnerships. If they are taxed as corporations the officer/members are employees like the officers of any other corporation. What an LLC mostly does is provide the individual members some protection at a considerably lower creation cost than a regular corporation.
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Re: Forming a Wisconsin LLC

Postby snoqueen » Tue Jun 12, 2012 5:30 pm

"Why do you want a to be a limited liability corporation?"


Usually, to take advantage of advantageous limitations this status affords regarding whether your personal assets are subject to liabilities flowing from the business.

Don't you have legal structures in place to protect your personal assets (for instance, your house) in the event someone files a lawsuit against your business? It's usually a good idea.

LLCs have nothing at all to do with mysterious evil deeds being done by corporations, so I'm not sure why you dragged that into the discussion. LLC is a routine filing to obtain a very ordinary legal status.

I can't make sense of the other questions in your post so I can't reply to them except to say both business and non-stock corporations are already regulated by the state, so if you think leftists are trying to add another layer of regulation, it's unclear how you believe it could be enforced.
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Re: Forming a Wisconsin LLC

Postby Cornbread » Tue Jun 12, 2012 10:40 pm

snoqueen wrote:
"Why do you want a to be a limited liability corporation?"


Usually, to take advantage of advantageous limitations this status affords regarding whether your personal assets are subject to liabilities flowing from the business.


So if you pollute your neighbors, you want to get off scot free?
If your products kills people (like leftists think most do), then you want to get off scot free?

You seem to want all sorts of corporations to be held accountable for their actions/inactions, yet you and many other leftists choose to incorporate to shield yourselves from your business decisions?

Hippocampus. Hippodrome. Aristocracy. Hipo-cracy......

But that's what the left has always been about. It's OK. If I were worth a hundred million or so and wanted to live in a high tax state, I'd have a house, then have a few hundred acres of my land in a corporation, have a the legally required animals on it and be a 'farmer' to avoid paying my "fair share" of taxes too. :lol:

Springsteen never could dance, so he won't have to dance around this tax dodge.....but there are hundreds, well, thousands of others.

Off to bed...another long day. I wish I would have taken my mother's advice and talked to a relative about a city of madison job. I'da been a retired fat cat by now, but oh well......
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Re: Forming a Wisconsin LLC

Postby wack wack » Wed Jun 13, 2012 8:36 am

Meade wrote:The Progressive, Incorporated

I'm sure all its employees are unionized and have collective bargaining powers.


Why would you be sure? Unionization is really only necessary when the owner/operator of the business is a completely insufferable shithead, signalling repeatedly that he/she/it has no interest in safety or fairness in the workplace.

For example, the Wisconsin taxpayers are proving to be an insufferably shitty boss, making public unions necessary.
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Re: Forming a Wisconsin LLC

Postby wack wack » Wed Jun 13, 2012 8:43 am

Cornbread wrote:
WestSideYuppie wrote:Yes, if "leftists" includes everybody to the left of Stupid.

the leftist condescension continues....


You are beneath every leftist here, in every way. Thus, "condescension" is necessary. You must be met on your level, there is no hope of you rising to meet a single leftist on any topic or level.
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Re: Forming a Wisconsin LLC

Postby snoqueen » Wed Jun 13, 2012 9:51 am

So if you pollute your neighbors, you want to get off scot free?
If your products kills people, then you want to get off scot free?


If we pick and choose among the random strings of words it emits, sometimes it makes sense. Then it wanders away, of course, but any sense is better than none at all.

You seem to want all sorts of corporations to be held accountable for their actions/inactions, yet you and many other leftists choose to incorporate to shield yourselves from your business decisions?


It's all or nothing, dude. Either everybody has to obey the same laws and be accountable for their actions and inactions, or the whole system is garbage. If you can incorporate, I can incorporate.

The idea leftists shouldn't incorporate is currently at the top of Cornbread's Greatest Hits on the insanity chart.
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Re: Forming a Wisconsin LLC

Postby Galoot » Wed Jun 13, 2012 10:38 am

The farce is strong with this one!
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