What is the name of your state (only U.S. law)? Illinois
My husband has created an LLC to do some work "on the side" of his full-time employment. While I do not know whether there is a non-compete clause in his full-time employment contract (nor does he), I feel there is a conflict of interest between his side business and full-time employment. I am afraid he will be sued by his employer. How can I protect myself and our children financially if he is sued? Could we lose our home? Is my 401(k) safe, as well as the kids' 529s? Regular bank accounts, house, and cars are in both of our names.
My husband has created an LLC to do some work "on the side" of his full-time employment. While I do not know whether there is a non-compete clause in his full-time employment contract (nor does he), I feel there is a conflict of interest between his side business and full-time employment. I am afraid he will be sued by his employer. How can I protect myself and our children financially if he is sued? Could we lose our home? Is my 401(k) safe, as well as the kids' 529s? Regular bank accounts, house, and cars are in both of our names.
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