"We sued a Mississippi gun dealer on behalf of the Worthams because the gun used to kill Tommy was one of five that the dealer sold to a gun trafficking ring that supplied Chicago gangs.
The gun dealer has just settled the case and agreed to POLICIES THAT GO BEYOND THE LAW AND WILL PREVENT CRIMINALS FROM OBTAINING FIREARMS."
I predict a 'Mississippi gun dealer' going out of business very soon as anyone who buys from this dealer would have to be a moron.
These include video recording of all handgun sales and immediate notification to local and federal authorities of any multiple handgun purchases that occur within any 30-day period.
Interesting thought.
If it were my shop I'd be planning to go out of business as a result of the settlement and regardless of any likely loss of business.
Don't know the legal ins and outs, but I guess if the business is incorporated, the settlement was with the corporation and not the owner..but if it was with the owner, the sale would need to be structured so there was no legal continuation of ownership.
Once the shop is in new hands, the settlement is vapor.
Another good example of why to incorporate perhaps any enterprise you own.
I am guessing TAB might be able to speak to those advantages/disadvantages....he has mentioned possible loss of everything due to legal action. It has been my understanding that if the business in incorporated, just the corporate assets are at risk and not your personal assets.?