The top priority of business owners choosing to start an LLC is protection against liability. The desire to keep personal family assets and accumulated wealth safely tucked away is the key concern, particularly with the rising number of lawsuits challenging LLCs. Many entrepreneurs start multiple … [Read more...] about The Number 1 Reason People Start An LLC
Archives for October 2019
One Reason To Set Up An LLC — It’s Good Marketing
Think about it; setting up an LLC tells your customers a lot about your company. Business coaches regularly preach marketing! Without it, your business isn’t likely to succeed. So, tell potential customers that you mean business and set up an LLC! You’re serious about your company and what you’re … [Read more...] about One Reason To Set Up An LLC — It’s Good Marketing
Lawsuits To Pierce LLC Veil On The Rise
Are your personal assets safe? Will your LLC hold up in the face of a legal challenge? Lawsuits to pierce the protective veil are issues LLCs face with an alarming increase in litigation. Your LLC was likely set up to protect you personally from exposure to unwanted and unnecessary liability. When … [Read more...] about Lawsuits To Pierce LLC Veil On The Rise
Managing Liability Risks In Residential Rental Property Using An LLC
If you own real estate, such as residential rental property, then you may have thought about managing liability with an LLC. In other words, going completely bare of insurance. The strategy is to pocket the money normally spent on insurance premiums. The LLC shields your liability … [Read more...] about Managing Liability Risks In Residential Rental Property Using An LLC
Construction Defect Litigation – Your Last Resort
Litigation over construction defects ebbs and flows in Oklahoma. The volume of litigation often follows the booms and busts of the construction industry. When the level of new construction rises, the potential for profits attracts those who don't really know what they are doing. The result is shoddy … [Read more...] about Construction Defect Litigation – Your Last Resort