3 simple things that will make more money.

[parrothead]

We had a full blown S-corp (not for scrapping). Our lawyers and accountant told us that the LLC does not provide enough seperation. We had lots of guys in vehicles in several states working in the air and digging and such, but they said with the right catastrophe, even the S-corp can have it's corporate veil pierced.

I would guess though that the worst thing that could happen in the scrapping business could be mostly contained by an LLC.



With that thought, what could be the worst thing that could happen to a scrapper that could cause you to get sued.

There is the obvious wreck or loosing your load causing a family to die on the highway. I would think that could be the worst that could happen to a regular scrapper. The load which can be solved by proper transport and securing practices.

[Semo Scrapper]

Killing a family on the road would be horrible. But there is a lot of other things. Say your torching and set a brush fire burning.( we have a 50 acre one burning here right now that has already got three structers)
I carry 750,000 liability now and probably will up it later these policys are cheaper than you would think.