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Having a limited liability company (LLC)1 can be extremely beneficial for business owners in many ways. One such benefit is that owners have the ability to use their LLC to protect their assets. Unlike a sole proprietorship or a partnership, an LLC is a completely separate legal entity from its owners. For this reason, creditors can generally only go after any assets that have been invested into the business. Asset protection by an LLC is not always absolute, however, as there are certain instances when your assets may still be at risk. The following are some actions you can take to ensure your assets are best protected by your LLC.
Call an experienced business lawyer at the Weisblatt Law Firm, LLC today
Making decisions regarding your LLC or another type of business can be stressful and confusing. It is always a good idea to have an attorney on your side who can provide sound legal advice no matter what type of legal issue your business is facing. Experienced Houston attorney Andrew Weisblattt can advise you on a wide variety of legal issues, from asset protection to contracts to business transactions. If you have any questions or are facing a legal dispute, do not hesitate to call the office at 713-666-1981 today.