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Protecting Your Assets Limiting Liability in Your Business Structure Choosing an Organizational Form Impact of Liability on Structuring and Funding Decisions
Protecting Your Assets Limiting Liability in Your Business Structure Choosing an Organizational Form Impact of Liability on Structuring and Funding Decisions
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PrintImpact of Liability on Structuring and Funding Decisions
When choosing your organizational form, there are two types of liability to consider in deciding how to structure and fund what will be your most likely entity choices--the limited liability company (LLC) or corporation:
- liability for business debts (i.e., debts that arise from business transactions)
- liability for personal debts (i.e., debts incurred from activities outside of the business entity).
