View Single Post
  #12  
Old 09-17-2013, 10:32 PM
Liberty Lawnworks's Avatar
Liberty Lawnworks Liberty Lawnworks is offline
LawnSite Member
 
Join Date: Jun 2013
Location: Delaware, OH
Posts: 109
A single-member LLC affords you almost zero protection against torts based on your actions. If an employee does something, you have some degree of protection as long as you have kept your business and personal finances completely separate. In other words, your receipts for trimmer line doesn't have sodas for the kids on them, you're cutting a paycheck for yourself each week instead of just transferring random amounts of money to your personal account, etc. Unfortunately, a good lawyer can tear down most single-member LLCs out there.
__________________
Marc

Liberty Lawnworks, LLC

"Don't be so busy making a living that you don't have time to make a life."
Reply With Quote
 
Page generated in 0.03761 seconds with 7 queries