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MX, SX & Off-Road Discussions
General Moto | Off-Topic Posts
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[QUOTE="tnrider, post: 1121251, member: 43074"] ask your business/liability attorney how to structure ownership of track. in US there is some benefit to doing things like you own property personally and then lease to a corporation (yours) that owns and runs the track. corporation may be able to limit your personal liability somewhat esp if you have special corp directors insurance. corp gets sued and goes under but you are limited in your exposure to only corp assets (and you keep little corp assets, everything is leased from you personally or from another of your corps - multi-layers just like major corporations). i have been through things like this before but can't recall all details -- like others said, get a good attorney, i am not even a bad one :) , and ask for ways to limit your personal liability exposure. a good attorney is well worth their fee! [/QUOTE]
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MX, SX & Off-Road Discussions
General Moto | Off-Topic Posts
insurance
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