Legal Question in Business Law in California
I make homemade baby carriers. Can I (a) sell them under an LLC to protect myself from liability from possible injury ( since I am having a hard time finding insurace for this type of product) & (b) will I be released from any possible future lawsuit if I legally close the LLC if it become unprofitable?
Asked on 10/02/09, 4:58 pm
1 Answer from Attorneys
Setting up a separate business entity (like an LLC or corporation) is a good idea when running a business. To protect yourself from personal liability you also must make sure you run/manage the entity as a separate entity.
It's probably easier to discuss the risks as well as pros and cons of setting up an entity over the phone or in person. Please feel free to contact me directly to discuss.
Answered on 10/02/09, 8:33 pm
Related Questions & Answers
-
My brother and I have our own service businesses in our respective states (AZ &... Asked 10/02/09, 2:21 pm in United States California Business Law
-
My boyfriend and I are Washington state Residents, and planned a wedding in... Asked 10/01/09, 5:49 pm in United States California Business Law
-
My company (sole proprietorship) and approximately 6-10 others are strongly... Asked 10/01/09, 5:16 pm in United States California Business Law
-
I work in the medical field. I am an hourly employee. We frequently have mandatory... Asked 10/01/09, 3:15 pm in United States California Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
