Tag Archives: limited liability company

How To Defend Your Small Business from Liability

By | February 8, 2012

In today’s justice system, “liability” is one of the most important concepts to understand. If you ignore liability, you can find yourself on the wrong end of a highly contentious lawsuit – or you may miss out on damages that you’re owed simply because you didn’t think about liability.

Piercing the Corporate Veil – Alter Ego Liability Considerations

By | September 28, 2010

The following is a relatively completely list of factors that may be considered by a court in piercing the corporate veil (i.e. finding alter ego liability) where an individual may be held liable for acts committed through their corporate or limited liability company entity. (1) Commingling of funds and other assets of the corporation with those of the… Read More »

What is an LLC?

By | May 13, 2008

A limited liability company (LLC) is a form of business organization set up to offer liability protection to its members. When difficulties arise, LLC members may lose their investments in the company, but not their personal assets. LLCs are often better than a limited partnership, because in a limited partnership, one partner is personally liable for the partnership’s… Read More »