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Old 05-20-2010, 01:46 PM   #9
Full Fledged Farker

Join Date: 05-06-07
Location: Littleton, Colorado

One more point regarding asset and liability protection, insurance is as important and could provide better protection that an entity. I'm not dismissing entities at all, as I set them up and use them everyday. However, an entity -- regardless of type -- is not a magic wall protecting you from everything (or sometimes anything).
The articles cited above are very informative, but the devil is in the details. I could write a book on what the articles do not say. If done right, an LLC is as effective as a corporation in protecting an owner. The only differences between an S corp and a C corp are tax-related.

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