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LLC Factoid On Limited Liability

In this article, another lawyer mentions one little understood thing about limited liability in any corporate form: your LLC or corporation protects you from personal liability for wrongful acts committed by employees and subcontractors, but it does not protect you from personal liability for wrongful acts you commit personally.

I disagree with the rest of the article. You will always benefit from converting your sole proprietorship to an LLC. For a full discussion of why that is true, contact me for a free short consultation on converting from sole proprietorship to LLC. Or just sign up for our next LLC startup workshop.

 

Argent Place Law, PLLC focuses on businesses and business owners. The firm provides legal business counsel in matters of business, corporate and contract law, intellectual property law, and succession planning, including estate planning with wills and trusts for its CEO clients.

 

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