Many new business owners understand that incorporating or forming a Limited Liability Company (LLC) helps shield a business owner against being held personally responsible for their company’s liabilities and debts. This is known as the corporate shield or corporate veil as it separates your personal assets from those of the business.
However, did you know that even after incorporating or forming an LLC, you can still be personally liable?
Liability protection is not absolute and there are several instances where a business owner can be personally liable in business despite the fact he or she created a business entity.
To read the full, original article click on this link: Five ways to sabotage liability protection after incorporation
