View Single Post
Unread 05-20-2010, 01:46 PM   #9
bander7003
Full Fledged Farker

 
Join Date: 05-06-07
Location: Littleton, Colorado
Downloads: 0
Uploads: 0
Default

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.
__________________
Bo

Klose 24x50 BYC
Backwoods Fatboy
Weber Kettle
Rock Chalk Jayhawk Blue Thermapen
Weber Gasser (out of gas)
bander7003 is offline   Reply With Quote