8/31/11, 12:18 pm

Legal Question

I recently forms a LLC and contacted the IRS for an EIN. They assigned the EIN as a sole proprietor LLC EIN. Does this mean that someone can go after my personal assets?

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The IRS treats LLCs as partnerships for income tax purposes (unless a specific election for other tax treatment is made)...

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Thomas Shigo

If you are a single member LLC, and it appears you are, then an LLC doesn't give you protection from creditors. At this...

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Richard Kaplan

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