What is the name of your state (only U.S. law)? CA
If I start a limited liability corporation and get sued, how much is the maximum amount I would be liable for?
I have heard that it is the amount that I "invested" in, and it is not based on profits or revenue of the corporation. So if I only invested $1,000 of my own money, then that is the max amount I would lose?
If I start a limited liability corporation and get sued, how much is the maximum amount I would be liable for?
I have heard that it is the amount that I "invested" in, and it is not based on profits or revenue of the corporation. So if I only invested $1,000 of my own money, then that is the max amount I would lose?