3 ms·
isnt this the purpose of LLCs?
by gmadsen 2y ago
isnt this the purpose of LLCs?
- robotcookies 2y agoLLCs limit your financial liability, but you can still work thousands of hours on a business and end up making nothing. If you work the same thousands of hours as an employee, you will make money.
- redler 2y agoWhen you start up a business from scratch you quickly become familiar with bank requirements for a personal guarantee. The LLC will not protect you from personal financial exposure in the full amount of all your business credit facilities, loans, leases, etc.