1、You Set Up a Corporation Rather Than a PartnershipA1Well, first of all, we need to set up a company. We thought about a fifty-fifty partnership.sB1Okay, are there any other partners?s飿A2No, just the two of us.sB2Oh well, this shouldnt be too complicated. But, first let me recommend that you should s
2、et up a corporation rather than a partnership.sA3A corporation? That sounds complicated.sB3If you dont have a corporation, you are personally responsible for the debts of the company. You could lose your private funds, your home; in fact, you could lose all your personal assets.s𣬷A4Oh, I see
3、. The debts of the company become my personal debts. Well, Im not worried about that because I always pay my bills.sB4Suppose you get sued by someone?sA5Sued?sB5If you owned a corporation, only the corporations assets would be in jeopardy in the event of a lawsuit. Your personal assets would be safe!sA6Now I see. But isnt it expensive to open a corporation?sB6Not really, I can get all the necessary paperwork done for you for about $800.s800
