Tag: asset protection
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Single-member LLCs offer almost none of the protection people think they do
Single-member LLCs are sold as personal liability shields. In practice, courts pierce them routinely — and the protection most owners imagine isn’t real.
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LLCs are over-recommended by lawyers who profit from filing them
Forming an LLC is the default advice for any new business, but many sole proprietors don’t need one. Here’s the conflict of interest behind the recommendation.