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Cheap Clients and Permit Drawings

We have the best justice system money can buy. Thus your legal "protection" is only as deep as your pocket.

The term Pyrrhic victory often applies here.

Jun 19, 15 11:04 am  · 
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shellarchitect

not registered, but my understanding is that moving assets to trusts and not having any insurance is a great way to minimize lawsuits, since there is no possibility if collecting.

 

doesn't work if you do it the day before a lawsuit is filed, but if you're set up right the aggrieved have little to gain

Jun 19, 15 12:15 pm  · 
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shellarchitect

forgot to add this costs money to set up so you need to have some significant assets for it to be worthwhile

Jun 19, 15 12:16 pm  · 
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Carrera

Three points:

  1. A veil is essential and the penetration part is real, but only to the extent to apply pressure to get you to settle….extremely hard to penetrate unless you’re mezzanine collapses.
  2. Agree with Shu, hide the assets, they just won’t chase you if nothing is there, and it’s the chase that will break you….not just in money, but in time & reputation….hide the money & kill the chase.
  3. It does not cost a great deal to hide assets, and if you don't have much there is more reason to protect it.
Jun 19, 15 1:50 pm  · 
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geezertect

This is all very interesting, but be aware that courts are generally not stupid.  No, really!!  The law recognizes something called a fraudulent conveyance.  If you lie about the existence of assets or try to conceal them in transactions that obviously have no legitimate business purpose, they may catch up to you, in which case the courts may be unforgiving.

Jun 21, 15 8:38 pm  · 
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Carrera

Geezer.... moving/hiding things too close to an event is a problem with courts, but if done way ahead of a litigious event is perfectly legal... also someone mentioned that insurance was a bad place to hide assets... it's not,.. unlike banks insurance companies and policies are largely invisible.

Jun 21, 15 11:47 pm  · 
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Atraya

Ive seen Clients who are so un-reasonable they almost want a permit drawing for 10$ an hour. But this is because of some our professionals who accept the bargain. If we let these clients bargain us down and accept their cheap price, then we are just destroying the profession. If Architects designers and engineers submit to what these un-reasonable clients want then we might as well find another job. Some design company even sells full set of commercial drawing for 700$.

Dec 8, 15 7:55 am  · 
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karenmiller-simon

I’m looking for a commercial coding architect locally in Maryland

Aug 29, 19 10:43 pm  · 
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Non Sequitur

what's a commercial coding architect?

Aug 29, 19 11:06 pm  · 
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Non Sequitur

Maybe, or it could be a Nigerian prince trying to relocate and spend some cash on architect services.

Aug 30, 19 6:05 am  · 
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geezertect

Are Nigerian princes really that dumb?

Aug 30, 19 9:08 am  · 
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OddArchitect

They keep looking to give us millions of dollars so I'd guess yes, very dumb.

Aug 30, 19 9:27 am  · 
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Non Sequitur

Is there even a royal family in Nigeria?

Aug 30, 19 9:29 am  · 
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OddArchitect

Who else would have all that money in need of transfer?

Aug 30, 19 10:13 am  · 
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tduds

Not sure if posting in a thread about cheap clients is your best starting point.

Feb 18, 20 6:20 pm  · 
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Wilma Buttfit

I'll stamp your computer program for $1000. Send it over.

Feb 18, 20 6:41 pm  · 
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