Arizona
My wife teaches swim lessons for 6 weeks every year. She has never been LLC'd. I was recently told that any assets that we have can be at risk if we were sued. She has all the parents sign a liability waiver, but would that hold up in court? Is it worth it to get LLC'd? I have read that an LLC may not even protect our personal assets. I need HELP!!! If an LLC will help protect us in the event of an accident then I believe it's worth it. She has Insurance on the pool and they know she teaches swim lessons....Thanks for your help!!!!
My wife teaches swim lessons for 6 weeks every year. She has never been LLC'd. I was recently told that any assets that we have can be at risk if we were sued. She has all the parents sign a liability waiver, but would that hold up in court? Is it worth it to get LLC'd? I have read that an LLC may not even protect our personal assets. I need HELP!!! If an LLC will help protect us in the event of an accident then I believe it's worth it. She has Insurance on the pool and they know she teaches swim lessons....Thanks for your help!!!!