3 ms·
My lawyer said that's not the case, at least in my state. LLCs protect against criminal and contractual liabilities, but not tort liabilities. I google'd it si
by losteric 9y ago
My lawyer said that's not the case, at least in my state. LLCs protect against criminal and contractual liabilities, but not tort liabilities.
I google'd it since I couldn't remember his exact legal reasoning, this blog post just about sums it up: https://www.litigationandtrial.com/2009/05/articles/attorney/automobile-accidents/can-i-set-up-an-llc-to-avoid-personal-liability-in-a-lawsuit/ https://www.litigationandtrial.com/2009/05/articles/attorney...
Certainly better than nothing, but I was personally not concerned with criminal/contractual liabilities