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 Post subject: Re: SC audits question
PostPosted: Thu May 31, 2012 10:49 am 
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timberlea wrote:
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Many banks will not make a Business Loan with someone that has been named in a Law Suit connected with doing business.


Utter horsepucky. If that were true than all the major manufacturers, service providers, etc would never get a loan. The only way this could be would be a small business who was successfully sued for an amount they couldn't afford or have gone bankrupt. If McDonald's, Ford, American Airlines, Microsoft All successfully sued for big bucks), ever went to Chase Manhatten Bank for a loan, do you really think they would be told no?

Tell me that most karaoke hosts aren't small businesses and then what you say will hold water. The truth is, the majority of karaoke hosts are single people or mom and pop organization which all fall under the small business framework.
Sorry, but being named in a suit WILL hurt small business, regardless if they are later dropped or not, especially in small towns where everyone knows everyone else.
Despite what the letter of the law says, people tend to do what they think anyway. Just ask anyone with children trying to rent a home in BC where it's illegal to discriminate on renters on the basis of whether they have kids or not (except in legally designated seniors housing complex). It happens every single day and it's extremely difficult to prove in court as to why they weren't rented the house. It's no different in our situation.
It's only human nature


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 Post subject: Re: SC audits question
PostPosted: Thu May 31, 2012 10:50 am 
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HarringtonLaw wrote:
wiseguy53 wrote:
But it is interesting to read that you consider what you are doing now to be "harassment".


I don't, but some people do, without cause.

Without cause - I guess that all depends on which side of the fence you are on and how you look at it, doesn't it?
I'll disagree with your statement.


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 Post subject: Re: SC audits question
PostPosted: Thu May 31, 2012 12:54 pm 
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diafel wrote:
timberlea wrote:
Quote:
Many banks will not make a Business Loan with someone that has been named in a Law Suit connected with doing business.


Utter horsepucky. If that were true than all the major manufacturers, service providers, etc would never get a loan. The only way this could be would be a small business who was successfully sued for an amount they couldn't afford or have gone bankrupt. If McDonald's, Ford, American Airlines, Microsoft All successfully sued for big bucks), ever went to Chase Manhatten Bank for a loan, do you really think they would be told no?

Tell me that most karaoke hosts aren't small businesses and then what you say will hold water. The truth is, the majority of karaoke hosts are single people or mom and pop organization which all fall under the small business framework.
Sorry, but being named in a suit WILL hurt small business, regardless if they are later dropped or not, especially in small towns where everyone knows everyone else.
Despite what the letter of the law says, people tend to do what they think anyway. Just ask anyone with children trying to rent a home in BC where it's illegal to discriminate on renters on the basis of whether they have kids or not (except in legally designated seniors housing complex). It happens every single day and it's extremely difficult to prove in court as to why they weren't rented the house. It's no different in our situation.
It's only human nature

To compare a small karaoke hosting business to a a major corporation is absurd. Major corporations get the bulk of their funding from investors. They don't go to some local bank for a business loan. To think for one second that being named in a business law suit does not effect a small business and it's chances of getting a loan is "utter horsepucky".


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