Liability LLC
I am in the process of trying to start a staffing firm. I need to protect my assets at all cost. Will the LLC status give me that protection or should I incorporate? Keep in mind, I have another organization handling my payroll and back office so they are responsible for the candidate while on assignment. I do not want that organization coming after me if something happens to a contractor at a job site.
Also, I have been told two different things regarding the LLC as a partnership. Can I be an LLC as an individual?
Asked on 12/11/03, 9:35 am
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Liability LLC
Texas allows a one-person LLC. The decision between a corporation and an LLC requires evaluation of long and short-term strategies, goals, tax aspects, etc. and can't be based strictly on "I'm in business. Which is better?"
Answered on 12/11/03, 9:44 am
Related Questions & Answers
-
Should I Incorporate or LLC? I am starting a new business and I have been told that... Asked 12/09/03, 7:06 pm in United States Texas Business Law
-
Home protection If a business debt is owed to another business(under $2500.00) can a... Asked 12/05/03, 9:18 am in United States Texas Business Law
-
Dissolution of LLC I am the 60% share holder of my company. The other shareholder... Asked 12/02/03, 8:25 am in United States Texas Business Law
-
Bad check writter for mechanic repairs i once was in a class about auto repair shop... Asked 11/27/03, 12:26 pm in United States Texas Business Law
-
Forced obsolesence of cell phone & services As of May 03 I am no longer under... Asked 11/20/03, 5:47 pm in United States Texas Business Law
