Updated almost 17 years ago on . Most recent reply
LLC question
ive been reading some stuff, and i just want to make sure im not wrong about this-
but is one of the primary reasons of forming a LLC protection from being sued? Are there a lot more benefits aside from that, im not seeing?
Most Popular Reply
Going back to the original question, does LLC protects from lawsuits? Although I agree that it doesn't, structured properly it can definitely deter lawsuits. When lawyers take a case, they look at the amount of work they have to put in and match it with the prospective profit they can earn from the lawsuit. What a properly structured LLC does, it deter the lawyer from taking the case or recommend a lawsuit simply because of discovery work they have to put in and the limited profit they can get.