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Re: Managing a developing, young businessAgreed that an LLC or corporation does offer protections in many ways, and it's a good avenue to explore. Each has their advantage and should be discussed with your accountant as to the best route.The point I was trying to make is that neither offers complete protection for your own personal negligence. Many people falsely believe that if they have an LLC or Corporation, their personal assets are completely off limits in the event of a lawsuit. That's never completely the case.
Re: Managing a developing, young business
Agreed that an LLC or corporation does offer protections in many ways, and it's a good avenue to explore. Each has their advantage and should be discussed with your accountant as to the best route.
The point I was trying to make is that neither offers complete protection for your own personal negligence. Many people falsely believe that if they have an LLC or Corporation, their personal assets are completely off limits in the event of a lawsuit. That's never completely the case.
