If we are getting in to a financial liability discussion. When you have any other assets worth protecting good insurance is your best bet.
An llc is limited in protection, if you have a personal guarantee on a loan or pay for personal expenses from the llc account your llc protection probably won’t survive a lawsuit. Really, if the situation is bad enough(someone dies or is severely injured) every company and individual will be named in the lawsuit. Legal fees can be crippling even if you don’t necessarily lose.
An llc is limited in protection, if you have a personal guarantee on a loan or pay for personal expenses from the llc account your llc protection probably won’t survive a lawsuit. Really, if the situation is bad enough(someone dies or is severely injured) every company and individual will be named in the lawsuit. Legal fees can be crippling even if you don’t necessarily lose.
