LLCs and Asset Protection
Learn how LLCs (limited liability companies) can protect your personal assets from business debts and legal claims. If you're forming an LLC, you'll need to know the extent of limited liability protection in different states, what personal creditors can and can't do, and the unique rules for single-member LLCs. The articles also cover strategies for safeguarding your assets as an LLC owner to protect yourself against situations where you might be personally liable.
Find out what limited liability protection you get with an LLC in your state.
Learn what personal creditors of LLC members can--and can't--do.
Learn about single-member LLCs, including the different liability protection they offer and the rules for each state.
Learn some strategies for protecting your personal assets when you are an LLC owner.
Find out when an LLC or corporation's owners, members, or shareholders can be on the hook personally for business debt.
Sometimes, you can become personally liable for the debt of your corporation or LLC. Learn how this happens.
Putting your family business into an LLC, and transferring ownership shares to your family (who will inherit it soon anyway) is one way to lower the size of your estate and avoid the estate tax.
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