What is the name of your state? AR
LLC's are pretty new to me. I am not sure of the benefits.
I am a single owner "service provider" company. I carry $30K in insurance. Right now, if I cause $31K+ in damages, I am responsible for the amount over $30K. How would a LLC protect me PERSONALLY and PROFESSIONALLY?
I am not concerned with the tax benefits, etc; as I do not think things will change TOO much. But the "limited liability" as made my ears perk up.
Thank in advance for your help and understanding.
LLC's are pretty new to me. I am not sure of the benefits.
I am a single owner "service provider" company. I carry $30K in insurance. Right now, if I cause $31K+ in damages, I am responsible for the amount over $30K. How would a LLC protect me PERSONALLY and PROFESSIONALLY?
I am not concerned with the tax benefits, etc; as I do not think things will change TOO much. But the "limited liability" as made my ears perk up.
Thank in advance for your help and understanding.