<HTML>In a message dated 4/27/03 4:32:16 PM Central Daylight= Time, mfarrel2@tampabay.rr.com writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT= : 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Basically, if you are on the up= -and-up and trying to do the best you can and something goes wrong - you are= protected from personal lawsuits if you are working for a corporation. Terry Farrell </BLOCKQUOTE> It's true that if you're working for a corporation, and the corp. gets sued,= the corp. has to pay, and the individual cannot be held liable. In a sense,= the stock holders of the corp. pay the bill. If you are a stock holder in a= corporation, then you are in a sense paying, by the fact that your dividend= might not be as big. If you are the stock holder of a privately held corpor= ation, then the stock holders also have to pay. The stock holders have to ta= ke the money either out of the profit of the business, the assets of the bus= iness, or, if there are none of those, out of the stock holders pocket. Now we're down to a privately held corp. where just you and your wife are th= e stock holders. If you, and your wife, are the only stock holders of the co= rporation, and the corporation gets sued, guess who has to pay? And it doesn= 't make any difference where the money comes from. The stock holders have to= pay. Not only the judgment, if there is any, but also the legal fees. Wim</HTML>