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Thanks. That's the impression I'm under as well and there will be a small risk of litigation that I've already recognized. The problem with incorporating is t
by iaw 14y ago
Thanks. That's the impression I'm under as well and there will be a small risk of litigation that I've already recognized.
The problem with incorporating is that I've heard that the legal shielding properties of corporate (or llc) status are not that protective for sole-proprietors and that the company's liability is still the owner's liability.
- thejteam 14y agoDepends on how big the potential judgement is. If you are looking at small numbers, then nobody is going to go through the work to prove you personally liable unless you really screwed up and made it easy. If you are looking at 10 million dollar judgements... if this is a risk buy liability insurance.