How to structure my LLC
Hi,
I have numerous rentals and rehab them as an owner /builder and do a lot of the work myself but also hire out some of the work. To protect myself I am thinking about making an LLC only for operating the rehabs and paying employees and contractors. The company will exclusively be ran through the LLC, operations, payroll, seperate bank account, etc. I plan on also getting worker's compensation insurance to cover the employees.
My question is if running the company in an LLC protects me completely if an employee gets injured (in addition to the worker's comp) ? This gets a little tricky and confusing because the work being is on my property which is in my name. I'm not really looking to create multiple LLC's because it's $1000 per LLC in California and that cuts too much into my cash flow.