4 ms·
> in the US, incorporating would give the separate benefit of protecting your personal assets in the case your company was sued Be careful with this advice and
by zackbrown 8y ago
> in the US, incorporating would give the separate benefit of protecting your personal assets in the case your company was sued
Be careful with this advice and consult a lawyer. Incorporating alone does NOT guarantee protection of your personal assets.
In my non-lawyerly understanding, single-member LLCs offer particularly fragile protection.
See "piercing the corporate veil" [1]
[1] https://www.nolo.com/legal-encyclopedia/personal-liability-piercing-corporate-veil-33006.html https://www.nolo.com/legal-encyclopedia/personal-liability-p...