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its limited, NOT absolute. If you are a single person LLC the claim can be made that the business is an alter-ego of the owner, and can then the corporate ve
by wheelerwj 7y ago
its limited, NOT absolute. If you are a single person LLC the claim can be made that the business is an alter-ego of the owner, and can then the corporate veil can be pierced.
- busterarm 7y agoThis is exactly what I was advised about single-person LLCs by the SBA. And my lawyer.
- CPLX 7y agoI mean of course. But that’s true of all corporations. If you conduct the business in a businesslike manner and keep proper separation of personal issues, and keep required records to document its corporate actions then you have the law’s liability protection. That’s also true for a 2 or 200 member LLC.