LLC - Get Full Liability Protection From Your LLC

One of the most significant reasons to form Limited Liability Company (LLC) is to get liability protection. As a corporation provides a legal shield against their shareholders' assets, an LLC offers legal protection for the owner's or members' personal assets from business claims or debts. The risk of the LLC owner and members is generally limited to the amount of their investment. However, when your business is in a trouble such as a lawsuit, the court might go after you and your personal assets, especially if you have a single member LLC and haven't followed certain rules with your ...