The first step to a successful business is starting. Form an entity- whether a Limited Liability (“LLC”), S, or C Corporation each one provides a layer of protection for you. No one wants their personal assets (car, house, retirement, or bank account) to be available for other people to take. However, an LLC is frequently […]
First, an LLC creates a legal boundary that limits potential liability. In other words, if you created the crockpot that burned down the Pearson’s home, having an LLC as the owner of the crockpot company would prevent Rebecca Pearson from suing you to take your home.