Legal Question in Credit and Debt Law in Hawaii

I am starting a business but am a bit hesitant to jump in at this juncture in my life. It scares me to think that the second I start having any income, debt collectors will be at my door trying to get their money before the business is in stable condition. If that happens the business will surely sink and the debt collectors will keep hounding me until all my debt is paid off. Is there any law or regulation that can protect my business from this? If not, then am I doomed to fail until all my debt is paid off? Please help me. Thank you for your time!


Asked on 9/26/10, 4:55 pm

1 Answer from Attorneys
Jon Zahaby Tour bus, scenic and sightseeing, operation

A business started as a Corporation or Limited Liability Company (LLC) will have no legal relationship to you personally so long as it is maintained properly. Your personal creditors cannot touch the assets in the entity unless they have a judgment against the entity itself.

Aloha, Jon A. Zahaby, Esq.

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Answered on 10/01/10, 7:28 pm


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