X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Thu, 20 Sep 2007 10:24:46 -0400 Message-ID: X-Original-Return-Path: Received: from mtai02.charter.net ([209.225.8.182] verified) by logan.com (CommuniGate Pro SMTP 5.1.12) with ESMTP id 2341853 for lml@lancaironline.net; Thu, 20 Sep 2007 10:14:42 -0400 Received-SPF: pass receiver=logan.com; client-ip=209.225.8.182; envelope-from=troneill@charter.net Received: from aarprv02.charter.net ([10.20.200.72]) by mtai02.charter.net (InterMail vM.7.08.03.00 201-2186-126-20070710) with ESMTP id <20070920141405.FVSW28.mtai02.charter.net@aarprv02.charter.net> for ; Thu, 20 Sep 2007 10:14:05 -0400 Received: from axs ([75.132.198.100]) by aarprv02.charter.net with SMTP id <20070920141405.RAOR495.aarprv02.charter.net@axs> for ; Thu, 20 Sep 2007 10:14:05 -0400 X-Original-Message-ID: <04f401c7fb90$8881aa50$6501a8c0@axs> From: "terrence o'neill" X-Original-To: "Lancair Mailing List" References: Subject: Re: [LML] product liability X-Original-Date: Thu, 20 Sep 2007 09:14:18 -0500 MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_04F1_01C7FB66.9F6E9950" X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 6.00.2900.3138 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.3138 X-Chzlrs: 0 This is a multi-part message in MIME format. ------=_NextPart_000_04F1_01C7FB66.9F6E9950 Content-Type: text/plain; charset="windows-1250" Content-Transfer-Encoding: quoted-printable One other way, Russell. Be poor, on paper. =20 Couldn't one sell it and put the wherewithall into trust for the kids? Terrence ----- Original Message -----=20 From: Russell=20 To: lml@lancaironline.net=20 Sent: Thursday, September 20, 2007 07:30 AM Subject: [LML] product liability Years ago I was involved with the company that manufactured cloth = towel cabinets used in public restrooms. To our surprise kids were = hanging in themselves in the loop of the towel. We had several lawsuits = and we were able defend ourselves. It was very costly. The interesting = thing was many of these cabinets were over 30 to 40 years old and = rebuilt by other companies. We ended up taking steps of plastering = warning labels and specials shields on the cabinets. It seemed to work. = But presently you do not see this product on the market in this country = any more. =20 I=92m about to start building my legacy and I=92m very concerned about = liability. Something no one mentioned but I am doing is creating a = company for the aircraft. I am going to build the aircraft under the = entity other than myself. Whenever it=92s time to depart with the = aircraft the company will be sold with its assets. It happens to be the = only asset will be the aircraft. After putting my blood sweat and tears = into this project there is no way I can take a chainsaw to it. So = creating layers of protection is the only way to cover ones behind. =20 Russell No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.5.487 / Virus Database: 269.13.22/1013 - Release Date: = 9/17/2007 1:29 PM ------=_NextPart_000_04F1_01C7FB66.9F6E9950 Content-Type: text/html; charset="windows-1250" Content-Transfer-Encoding: quoted-printable
One other way,=20 Russell.
Be poor, on = paper. =20
Couldn't one sell = it and put=20 the wherewithall into trust for the kids?
 
Terrence
----- Original Message -----
From:=20 Russell=20
Sent: Thursday, September 20, = 2007 07:30=20 AM
Subject: [LML] product = liability

Years ago I was involved with the company that = manufactured=20 cloth towel cabinets used in public restrooms.  To our surprise = kids were=20 hanging in themselves in the loop of the towel.  We had several = lawsuits=20 and we were able defend ourselves.  It was very costly. The = interesting=20 thing was many of these cabinets were over 30 to 40 years old and = rebuilt by=20 other companies.  We ended up taking steps of plastering warning = labels=20 and specials shields on the cabinets.  It seemed to work. But = presently=20 you do not see this product on the market in this country any=20 more.

 

I=92m about to start building my legacy and I=92m = very=20 concerned about liability.  Something no one mentioned but I am = doing is=20 creating a company for the aircraft.  I am going to build the = aircraft=20 under the entity other than myself.  Whenever it=92s time to = depart with=20 the aircraft the company will be sold with its assets.  It = happens to be=20 the only asset will be the aircraft.  After putting my blood = sweat and=20 tears into this project there is no way I can take a chainsaw to = it.  So=20 creating layers of protection is the only way to cover ones=20 behind.

 

Russell


No virus found in this outgoing message.
Checked = by AVG=20 Free Edition.
Version: 7.5.487 / Virus Database: 269.13.22/1013 - = Release=20 Date: 9/17/2007 1:29 PM

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