Are You Protected? LLC vs Corp. Liability Shielding

Clients come to us because they want to make sure their personal assets are properly protected from their business activities so we often get asked if the LLC offers the same liability protections as a corporation.

The simple answer is yes, the corporation and the LLC equally shield your personal assets from business liabilities.

Any properly organized, operated, and maintained limited liability business structure (like an LLC or corporation) shields the business owner from the liabilities of the business.

A corporation could potentially be riskier because it requires many more filings and formalities that many small business owners fail to keep up with. This puts their liability protections at risk.

So whether you are an LLC or a corporation you are equally protected, just make sure you are keeping up with your corporate formalities and keeping a formal separation between your business and personal affairs.