robkob;1177201; said:Incorporating provides a very good layer of personal protection. If your company can not pay a bill (excluding some taxes), assuming you did not personally guarantee it, you are not personally liable. If your company injures a customer, you are not personally liable. If your employee runs a red light in the company vehicle and hurts somebody, you are not personally liable, etc...
If you own the company and you commit fraud, you are personally liable. The corporate shield was never intended to be a personal defense to criminal actions. Fraud is a criminal offense with civil remedies.
How can shoddy worksmanship be classified as fraud?