#407 Awesome Year-End Tax Tips
Main Street Business
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What Happens if I Get Sued in an LLC?
Lawyer: Tie off those loose ends in your life, whether they're legal entities or people. Some people like to hold it open for a few years, wait to make sure any lawsuits may pass and then close them up. If the lawsuit was about something in 2021, you still get the entity protection. Even though now in 2023, when you're dealing with a lawsuit, the entity no longer exists.
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