Your LLC Isn't Protecting You if You Do These 5 Things
You might think setting up an LLC for your gym is enough—but it might not be. In fact, you might be doing five things—accidentally or on purpose—that severely limit your corporation's ability to protect you. For example, if you use your corporation's bank account as your personal piggy bank, you'll find yourself personally vulnerable in the event of a lawsuit. No operating agreement? No protection. Cut corners with paperwork? You're at risk. But you can prevent the ability of litigators t...