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by soared
2612 days ago
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What? This is 100% incorrect. Unless you make obvious errors, all of your personal assets are protected. > Like shareholders of a corporation, all LLC owners are protected from personal liability for business debts and claims. This means that if the business itself can't pay a creditor—such as a supplier, a lender, or a landlord—the creditor cannot legally come after an LLC member's house, car, or other personal possessions. https://www.nolo.com/legal-encyclopedia/llc-basics-30163.htm... Obvious errors being breaking the law, paying for your business loans with personal funds, etc. |
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