Re: Starting a Limited Liability Company?
Is there any point in having your company be an LLC if you do not plan on being in debt?
I plan on using my own money to start this company. I will not have any creditors. I want to protect my assets (and profits made from this company) from lawsuits potentially brought forth by customers. I will be selling a product. I do not want to be held liable should something negative occur to a customer as a result of product use. Do I need a certain type of insurance? If so, what kind? Or do I need to start this company as an LLC? Or both?
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