Master the art of asset protection with an LLC (Limited Liability Company). An LLC is a separate legal entity from its owners.
Establishing an LLC provides legal protection for the owners in case the business faces a lawsuit.
Owners and shareholders are generally not liable for the company's debts or legal actions against the company.
Personal assets of the owners can be safeguarded against lawsuits targeting the company so it may be possible that only the assets held within the company can be affected in the event of a lawsuit against the LLC.
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