Post
Topic
Board Scam Accusations
Re: Why I should get a scammer tag.
by
Bitcoin Oz
on 11/10/2012, 00:21:00 UTC
Generally equity owners (not be confused with directors, executives, employees, officers) are not held liable for the actions of the company or its agents.  I mean should the shareholders of GM (who already lost the capital they invested) be considered "scammers" because the company was so poorly run it was run into the ground.  By that logic any shareholder of any Pirate bond should also get a scammer tag.

I think it sets a bad precedent and basically makes the tag useless.  Now if you had active role in the day to day management that might be different but even then I don't think anyone has ever gotten a scammer tag without intent of malfeasance (i.e. just being foolish or naive isn't grounds for the tag).

That is for legally registered companies such as limited liability companies or corporations.  It has nothing to do with general partnerships where all the partners are liable for all legal actions or debt that the partnership faces.

This is correct as I recently discovered. One of the reasons to start a new registered company is this.

I started this thread because I dont have the resources to cover that liability and Im coming forward now to admit it.