Legal Question in Business Law in New York

Re: Incorporation

What a great question, but rarely asked. Please be aware that the answer is not simple enough to explain here, as there are many details. However, generally, in NY, your business assets remain at risk in the case of personal liability. There are several other states which do provide your business assets with the protection you seek. One of them is Delaware. However, there are limitations and caveats. If this is a serious area of concern for you, I highly recommend you get your hands on "SAFE HARBORS: An Asset Protection Guide for Small Business Owners" by Nicholas C. Misenti.