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Old 12-22-2011, 09:13 AM
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jackal jackal is online now
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Join Date: Oct 2011
Location: Lake of the Ozarks
Posts: 429
Quote:
Originally Posted by jvanvliet View Post
Operative word is MAY, anybody can sue anybody. An LLC is a way to protect your personal assets from a lawsuit. To CYA personally you'd need a rider.

Any suit against an LLC would be limited to the assets of the LLC unless there is criminal conduct on your part.

I have 1/2 mm. and 350k property damage and liability on my vehicles, equipment and trailers.

But it seems you already have solutions from your lawyer. Now check your accountant to see how you can protect yourself from the IRS.
Seems that will be my next step because my attorney tried to talk me out of it.

Paying less self employment taxes would be nice, but there must be a trade off in there somewhere.
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