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by kalininalex
5146 days ago
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Simply setting up LLC (or any other type of entity) is not sufficient. To shield your personal assets LLC needs to be properly capitalized and be managed like a proper business. Essentially, it will at least require carrying some kind of commercial insurance, plus having extra money in the bank for operating expenses (how much - depends on the business).
This sort of defeats the idea of effortless car sharing. |
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