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Llc ?


Lisa
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I'm currenly in the process of becoming an "LLC" business myself. My husband is a Partner at a law firm and we need to make sure that if someone burned their house down and came after me, they couldn't come after his firm also. My limited understanding is that someone could sue me, and take my entire candle company if I'm an LLC, but they can't take my house, my husband's business or anything like that.

What's great is that he's an Intellectual Property Attorney, so he's a big help getting my name Trademarked and all that crap. A lot of the stuff I have to do myself, and he can't file them for me, because he said involving an attorney really changes the way the paperwork is looked at (? don't know why, but I consider him a genius and if he says it, it's true).

DanaE

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It's essentially a partnership for tax purposes, but works like a corporation in terms of liability protection, at least in theory. The corporate veil can be pretty easy to pierce when it comes to a small business, but at least it should protect your husband as intended, especially since he won't be involved with the products.

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