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You generally have to either have a ton of capital or a great idea to get started without any personal liability though. Nobody's going to loan money to an LLC
by mminer237 2y ago
You generally have to either have a ton of capital or a great idea to get started without any personal liability though. Nobody's going to loan money to an LLC with no assets without a personal surety.
- eadmund 2y agoWithout liability limitation one would need even more (an order of magnitude?) capital, and given the risk it might not be worth it at all. > Nobody's going to loan money to an LLC with no assets without a personal surety. I think that’s the system working. Customers, vendors and other business partners are also free to adjust their expectations accordingly.