Legal Question in Business Law in Ohio

My husband has a repair business, he works by himself, but does

have a LLC. Can checks be made out to him, or do they have to

be the corporate name.

If someone sues us, do we have to have business insurance.

Would our homeowner insurance of umbrella personal insurance

be sufficient?


Asked on 5/07/10, 9:30 am

1 Answer from Attorneys
Neil Rubin Neil S. Rubin, Attorney at Law, LLC

Lots of questions here. I will attempt to answer briefly:

The checks should be made out to the LLC because the role of the LLC is to put up a "wall" between the company and personal assets if he gets sued for his repair work. But since his LLC has one but one person and if you file a Schedule C on your taxes I do not feel that that it will be any great problem. Having said this, it is MUCH better to have separate personal accounts and company accounts thereby protecting your personal assets to show that this is not a sham corporation.

As far as insurance goes, this is outside my expertise. You should read your policies and call your insurance agent for this answer

Read more
Answered on 5/12/10, 12:40 pm


Related Questions & Answers

More Business Law questions and answers in Ohio