Post
Topic
Board Scam Accusations
Re: Why I should get a scammer tag.
by
stochastic
on 11/10/2012, 00:24:29 UTC
Generally equity owners (not be confused with directors, executives, employees, officers) are not held liable for the actions of the company

But what about partners?

Well that is why making up these "quasi pretendo companies" is not a good idea.  If it was actually a partnership then yes all partners are equally and fully liable.  Of course that would require a partnership agreement and partnerships don't have shares, stock, or shareholders.   It is almost like Nefaro took the worst aspects of a partnership, sole proprietorship, limited liability company, and corporation and turned it into some franken company. 

Maybe that is the lesson in all this.  Forming a real discrete (i.e. seperate from the owners) legal entity is trivial these days and cost a norminal amount of money.  It then lets us answer questions like the above and prevents any ambiguity.  I mean how many "shareholders" realized that under a partnership they have unlimited personal liability (i.e. you can lose everything you own, your house, your car, all your assets, the money from your bank account, and even the clothes from your closets).   

I assumed that those that form these amateurish general partnerships were doing so in the libertarian/anarchistic ethos of looking at limited liability with suspicion.  Of course they want limited liability when shit hits the fan.

I already requested scammer tags for all partners of BitcoinGlobal if all the funds and coins were not returned to GLBSE users but I was denied.  This is even though theymos said that the BitcoinGlobal bylaws are enforceable on these forums, hence nefario receiving a scammer tag for breaking the bylaws.  If BitcoinGlobal is a partnership, then they are liable for any and all debts that BitcoinGlobal has.  If they can't pay those debts then they are scammers.