Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of business creditors, but the protection is not bulletproof. In some situations, personal liability for the obligations of LLCs and corporations may still exist. The Value of Limited Liability Limited liability companies and corporations shield business owners from personal liability in most situations if the business becomes liable to a third-party. Sole proprietors and … [Read more...]
Do You Have an LLC or Corporation in Illinois? You May Not Be Protected
Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of… READ MORE
