Re: [460] Question for all, legal issue!!!
460 wrote:
Perhaps for shareholders in a publically traded corporation. The two scenarios seem notably different.
Even in partnerships, you can see the partners suing the entity. Same thing in LLC's, S corporations and C corporations. I just don't see how stake holding is going to protect from someone suing.
You'd be better off to have the tower owned by a separate entity (or individual), and then operated by a business (of whatever organization) that was owned by different individuals, with a contractual arrangement that specified the operator was liable for any suits. Even then, there would be ways a good plaintiff's attorney could get around that.
If you really wanted to get into nitty gritty liability law, I know an experienced jumper who teaches BASE courses for a manufacturer and was an ambulance chaser in a previous life. I bet he could think of all kinds of ways to mess around with the liability issues.
Regardless, I think from a purely business perspective this is a non-starter. Why would jumpers travel and pay for tower jumps when they are available for free all over the country?