Submitted by SurfCityTom on Mon, 06/07/2010 - 4:43pm.
like the home builders and general contractors who go under and default on loans, he simply oragnizes a new LLC or Corporation. Maybe uses a minoroity partner to open up other avenues of opportunity for him.
The next day back in business with new names painted on equipment and a new front promoting his efforts.
The state does not have the system, in place, despite all the thousands of employees, to prvent that from happening.
So
like the home builders and general contractors who go under and default on loans, he simply oragnizes a new LLC or Corporation. Maybe uses a minoroity partner to open up other avenues of opportunity for him.
The next day back in business with new names painted on equipment and a new front promoting his efforts.
The state does not have the system, in place, despite all the thousands of employees, to prvent that from happening.