Re: Starting a nursery/liability

Good news Theresa! Don't know about the insurance to protect the assets. I
thought that was what an LLC was for.


Andrea H
Beaufort, SC


> [Original Message]
> From: Theresa <tchessie@comcast.net>
> To: <gardenchat@hort.net>
> Date: 8/16/2005 9:45:28 PM
> Subject: Re: [CHAT] Starting a nursery/liability
>
> Yep-  some of you may recall the insane woman who ran through traffic 
> and into the side of my moving car last fall (she was on foot).  Well, 
> the auto insurance company actually did their job and refused to settle 
> or to pay her one dime from the lawsuit she filed.  People do try to sue 
> for the craziest stuff.  Question-  can't you get liability insurance 
> for a business to protect your assets?
>
> Theresa
>
> Christopher P. Lindsey wrote:
>
> >>Yes, the name is the hardest part to come up with. I have been through
that
> >>twice now.
> >>I have never incorporated. There is no particular reason why either.
> >>    
> >>
> >
> >Mostly I'm thinking about the tax benefits, liability, and future
> >expansion to include employees.
> >
> >I'd say liability is the biggest issue.  If the nursery is sued by
> >my land would probably remain safe (over-generalization here, but
> >still relatively true).  If everything's in my name I could be sued
> >for everything that I own.
> >
> >Why would I get sued?  I have no clue.  But today's litigious society
> >seems to foster lots of lawsuits that almost seem surreal.  Maybe some
> >kid climbs through the fence and gnaws on an Aconitum root.  Maybe 
> >someone gets Legionnaire's Disease from the potting medium that was
> >used.  Maybe someone buys something illegal in their state and tries
> >passing the buck when they're caught.
> >
> >Liability scares the heck out of me.  :(
> >
> >Chris
> >
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