The purpose of a limited liability company (also known as an LLC) or corporation (also known as an S-corp or C-corp) is to limit your personal risk. With a properly formed LLC or corporation, you can protect your personal assets from creditors of the business.
Without a properly formed entity, your personal assets are at risk to every liability of the company. Business liabilities can include contractual disputes with suppliers, vendors, customers, employees, contractors, and third parties (including claims for trademark, copyright, or patent infringement).
Before your company begins operations, it is best to have an entity in place to limit your personal liability. Our firm can help you decide whether an LLC, S-Corporation, or C-Corporation is right for your company.
Schedule a free consultation.
Just a conversation - no cost.
Share this Post