3 ms·
While I see your point, if your business gets sued, you personally could be far worse off than the cost of incorporating.
by ryanhuff 17y ago
While I see your point, if your business gets sued, you personally could be far worse off than the cost of incorporating.
- natch 17y agoWouldn't a personal umbrella policy cover this, for a sole proprietorship?
- jsiarto 17y agoIt might cover you financially--to an extent. But they'd still be suing you, personally and not your company. As an owner/partner in a corp or LLC you have full legal separation from your company (so long as you are running it legally) and can't personally be held liable.
- mhartl 17y agoPHILIP II OF MACEDON You are advised to submit without further delay, for if I bring my army into Sparta, I will destroy your farms, slay your people, and raze your city. SPARTA If.
- rwhitman 17y agoWell, I didn't get sued. Fortunately I'm not manufacturing pacemakers.