Explain tom inherited his father''s landscaping business

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Tom inherited his father's landscaping business as well as incorporated the business after he read an article in Lawn News, advising landscaping businesses to incorporate. Tom has been litigated by a customer, whose prize rose bushes were accidentally damaged be a landscaper. Tom called his attorney Hector to represent him in the lawsuit. When Hector asked for the corporate minutes Tom said, What corporate minutes and Hector advised tom that his personal assets could be taken if he lost the suit however Tom said, No don't worry I'm a corporation: I have no personal liability! is tom CORRECT?

Reference no: EM13111535

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