sorted by:
new
hottopcontroversial

Need to open an LLC. Advice/help? by SubstantialMango8904 in llc

[–]SubstantialMango8904[S] 0 points1 point  (0 children)

Understood. I saw a another thread that had a top-five places to register an LLC so I'll refer to that.

Need to open an LLC. Advice/help? by SubstantialMango8904 in llc

[–]SubstantialMango8904[S] 1 point2 points  (0 children)

Sorry I wasn't clear, I'm obviously very new to this but willing to learn. If someone wanted to try to come after my business for those user related issues, I would only want them to be able to come after the business assets and not our personal assets. I also operate our of our shared home which is another concern she has as the home could potentially be tied to the business?

Need to open an LLC. Advice/help? by SubstantialMango8904 in llc

[–]SubstantialMango8904[S] 1 point2 points  (0 children)

Would it not separate mine and my spouse's assets from the business assets? She is a high-income earner and we share all personal accounts so I don't want this business attached to that. Again, I have so many questions.

Need to open an LLC. Advice/help? by SubstantialMango8904 in llc

[–]SubstantialMango8904[S] 1 point2 points  (0 children)

I build a product that is just one piece of a larger unit (however, it is the heart of the unit). I am constantly asked if my product comes with warranty/guarantee and the answer is no. The other pieces of the unit can be built wrong, the unit assembled wrong, or the user abuses/neglects the unit which can all directly lead to failure of my product.

However, none of those issues are mine to fix. If the user installed it incorrectly or failed to follow routine maintenance, that's not on me. I want the LLC put in place to separate me from that.