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Tax, SDIRAs & Cost Segregation

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Dan Perrott
  • Rental Property Investor
  • Indianapolis, IN
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354
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Should you use your personal name in your business name

Dan Perrott
  • Rental Property Investor
  • Indianapolis, IN
Posted Nov 21 2014, 17:27

I was at a REI investment seminar today and it was mentioned that you should never have your name in the name of your business - in the line of being "asset protection". You should not use your name (first and/or last) in the name of your business (LLC, corporation, etc.) We were given the reasoning that you have a linkage between the business and yourself personally. It may therefore connect the company to you personally when a legal action is taken against the company.

Can just a name connect you personally to the LLC/Corporation and make you liable? Doesn't not make sense to me.

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