Piercing the corporate veil should not be easy if you run the corporation as a business with its own books and assets (and that includes insurance). It's of course easy to allege but proving it is another thing.
Nate Spencer-Mork
Piercing the corporate veil should not be easy if you run the corporation as a business with its own books and assets (and that includes insurance). It's of course easy to allege but proving it is another thing.
Nate Spencer-Mork
Last edited by e-RICHIE; 07-08-2015 at 09:45 PM. Reason: name added
Thanks for all the replies to my cries above. I've started again to approach brokers etc. and ask around some of the guys in the industry in this country. There is one particular company, Cyclecover, who offers manufacturers insurance. See what they come back with.
Next port of call is finding someone to test a frame. May have to do my own tests and document it somehow.
One thing in my research I found is that custom frames are not held to the mandatory pedal bicycle standard in this country but I cannot find where there is a standard for them. It seems to be a real grey area here. Still looking.
__________________________________________
"Even my farts smell like steel!" - Diel
"Make something with your hands. Not with your money." - Dario
Sean Doyle
www.devlincc.com
https://www.instagram.com/devlincustomcycles/
https://www.flickr.com/photos/139142779@N05/
Hopefully people thinking about entering business read threads like this and realize that running a business and selling product is a whole lot more than simply making something.
Tristan Thomas
Wheelworks Handcrafted Wheels
First right answer to the question. Each state is entirely different in coverage offered, allowed and how claims are settled in court. These types of questions are best handled by professionals, not some forum on the internet. And if it is important enough to ask here than its important enough to make a phone call and talk to a broker over a cup of free coffee...
I would never gift anything like this to any of my friends unless I was a professional full time builder with years under my belt. Your best friend will take you to the cleaners if he ends up in a wheel chair.
So I was offered a policy yesterday. It's only for $5m so asking about higher coverage and I haven't scene the fine print yet, so haven't committed to it until I have and it's acceptable.
__________________________________________
"Even my farts smell like steel!" - Diel
"Make something with your hands. Not with your money." - Dario
Sean Doyle
www.devlincc.com
https://www.instagram.com/devlincustomcycles/
https://www.flickr.com/photos/139142779@N05/
Eric Doswell, aka Edoz
Summoner of Crickets
http://edozbicycles.wordpress.com/
http://www.flickr.com/photos/edozbicycles/
In Before the Lock
__________________________________________
"Even my farts smell like steel!" - Diel
"Make something with your hands. Not with your money." - Dario
Sean Doyle
www.devlincc.com
https://www.instagram.com/devlincustomcycles/
https://www.flickr.com/photos/139142779@N05/
TBH I don't know. The broker seemed to think $10m was enough. I'm still asking questions.
__________________________________________
"Even my farts smell like steel!" - Diel
"Make something with your hands. Not with your money." - Dario
Sean Doyle
www.devlincc.com
https://www.instagram.com/devlincustomcycles/
https://www.flickr.com/photos/139142779@N05/
Like many, I drank the UBI kool-aid and immediately wanted more. I did ok work there and came away with a solid frame and a sense that I wanted to do more building, but I've never wanted to turn it into a business or build for anyone besides myself. If I die with 2 or 3 frames on the wall I'd be happy, and while I 'brand' or name fames, it's for me and not really anyone else. I'll never get anywhere near that point in time where experience and skill would translate into me doing this for others. That's the point I think many think they can fast forward to.
I think there is a bit of a cultural thing that accounts for some of it as well - nobody builds stuff anymore, we all just sit in front of screens all day and maybe we code or design but the tactile and human part of work is pretty much dead. When you lack that that for most of your life and suddenly learn to take some tubes and build a freakin bicycle that you can ride to work a couple weeks later that is an amazing feeling. That experience of making something with your own hands is something many of us have lost and I think these classes, however flawed some of them may be, do a good job of re-connecting us to it.
I think many of the folks who end up here just want more of that feeling, to learn a bit more and make something cool.
Dan Reid
rider, builder of a frame, owner of a pile of tubes
So I have to ask what was the number for all the seasoned veterans started offering there wares for sale?
Todd Wilson
PAYASO 36er Rider/Hobbiest builder
TODD wilson
I built about 2000 bikes for another company before hanging my shingle.
Great posturing, I guess I didn't ask it correctly I wasn't asking when you ventured out on your own I was asking the number of frames that YOU made before you starting selling, giving or sold by an employer.
PAYASO 36er Rider/Hobbiest builder
TODD wilson
My reply is the correct one to both your incorrect and corrected question. I was part of an assembly room operation (not a custom framebuilder shop) and was weened on the steps taken to make frames from one end to the other. Then, as my skills evolved, so did my responsibilities as a cog in the wheel. And then, later, I started a business. Of course, like Eric and many others, I gave up a lot to have what I eventually have. That's a trait I rarely see now. Folks want to go straight to becomiing a - FRAMEBUILDER.
If you must put a dollar amount on it- and, really, you must- understand that in many cases you're better off killing them.
Let that sink in.
-L. Chase Anderson
Got some cash
Bought some wheels
Took it out
'Cross the fields
Lost Control
Hit a wall
But we're alright
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