For example, company - owned cars must
meet the same liability minimums as passenger cars.
For example, company cars and many trucks and vans will be required to
meet the same liability requirements as personal vehicles.
Not exact matches
If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the
same uninvested and without
liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to
meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).
Given that
liability insurance or
meeting the financial responsibility requirements is mandatory, you will need to seek auto insurance quotes for the
same.
At the
same time, you're likely concerned with adequate protection for
liability, damages, and injuries, and n independent agent can find you the right coverage at a price that
meets your budget.
The LLC form provides the
same limited
liability as a Corporation, but do not have to comply with the corporate formalities most states require, including items like bylaws, required stockholder
meetings, and minutes (although minutes of
meetings are probably a good idea).