Asset Protection
LLC
Ohio
LLC and asset protection?
I have recently started a small business and am interested in forming a LLC for it. I am looking to protect my personal assets from any liabilities the LLC may incur, and I am seeking advice about how best to do this. I am looking for guidance on how to ensure the LLC will provide me with the asset protection I need.
1 Attorney answer
Answer
Asset Protection
Ohio
Paul S.
ContractsCounsel verified
The LLC is a good starting point for asset protection. How you operate the LLC, and in particular the LLC's finances, is even more important. You should be careful to keep the business's finances separate from your personal finances - for example, don't pay the rent or mortgage on your home out of your LLC bank account. And of course, liability insurance is your first line of defense.
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