Choosing The Right Business Structure Part II: Pros & Cons
/in Articles, Business Formation /by Elsa W. SmithOne of the major advantages of an LLC is that the owner’s personal assets are protected from business liabilities. This means that if the LLC is sued in court, the owner’s personally-owned money and assets will not be used to fulfill a judgment against the LLC. An exception to this is if the owner engaged in fraudulent activity.
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