Quote:
Originally Posted by Fael
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I would think that a guild is a partnership and they elect certain managing partners. The partnership is never liable for the act of one partner, unless said partner is functioning as agent and within the scope of that agency.
An individuals liability is only binding on his share of partnership rights.
So nothing special about an officer, unless the act is done within scope of his duties which are to manage the guild website, make loot decisions, lead raids, deal with recruitment and sales etc.
Dolic
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So guilds can now apply for for LLC or LLP?
I'm guessing Class R is mainly 501(c)3.