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That doesnt work in practice though. Personal guarantees are virtually always required for small business debt. It's not until you reach a certain size that you
by rgbrenner 4y ago
That doesnt work in practice though. Personal guarantees are virtually always required for small business debt. It's not until you reach a certain size that you can push back on that requirement.
- yieldcrv 4y agoWhen the state you formed your LLC in lets you register it to a PO box nearby, and the state your PO box and the plaintiff is in doesn't let them serve a PO box then it costs them more to get around that all for them to find out its own by a trust, or a retirement plan, or something they’ll need further help in leveraging a judgement against Its a deterrent, like I wrote If they’re dedicated you may have liens against your personal assets Its lightyears better than someone showing up at your doorstep and serving you personally and everything immediately being vulnerable
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