Thievering Intellectual Property for Fun and Profit
A How-To Guide
- Set up a nested stack of companies: [IP Owner] owns [LLC Debt Fuse] owns [Studio]
- [Studio] does work-for-hire for [IP Owner]. Outgoing expense contracts are with [Studio], and IP produced is owned by [IP Owner].
- When funding runs out, squeeze another 6-12 months of work out of [Studio] by running up debts on [Studio]'s credit. Promise anything you have to, from shares to nerf weapons to million-dollar beach condos for all after shipping. Nothing you say here is legally binding.
- Once all avenues of stalling debt payments and exploiting workers' good faith (and gullibility) are exhausted, liquidate [Studio]. Assets lost will be minimal (basically just some old hardware), and [LLC Debt Fuse], being limited liability, insulates [IP Owner] from any of [Studio]'s debt being passed on.
- Blame [Studio] for everything, set up [New LLC Debt Fuse] and [New Studio], and go to step (2).
- Repeat until IP is finished enough to sell. Sell IP. Profit.
- Don't explain the corporate structure to employees, it might tip them off.
- Establish [Studio] in a different country to [IP Owner], so public servants and government departments will put any complaints and/or legal action in the 'too hard' pile until far too late.