Liability Protection / Protecting Assets Archives

If I have been working a business by myself, can I form an LLC and have my business protected in case of a divorce? Answer Are you already married? If…

Do you have any information about the legal protection of a single member LLC in Illinois? I was asking because someone told me that the single member LLC in Illinois…

One member of a two member LLC received a 1099 payment. The check and 1099 was made out to the member personally - not the LLC. Can this "personal" 1099…

My husband and I are both self employed. My husband just started a contract job and I have a small sewing business. Can we share an LLC even though our…

A couple questions: 1. An LLC protects your personal assets from business debts/lawsuits, etc; does it also protect your business assets from personal debts/lawsuits, etc? (Could a creditor from a…

How does an LLC protect me from lawsuits? Answer There are several articles on this site on the concept of limited liability. What an LLC does is it creates a…

Hi, I have a small business (an LLC) that resells gift cards that I buy online. However, the prices of the gift cards that I buy online are somewhere between…

I recently published a book and plan to sell it to middle and high schools. Do I need an LLC? Answer I think the main consideration is whether you are…

My husband and I are business partners, and we also have some real estate. Our business is an S corporation, but my husband insists on getting everything under an LLC…

If I have an LLC, am sued personally, can they come after assets in my LLC to satisfy a personal judgment? Thank you. - Mike, Washington Answer Not directly, but…