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377: LLC Myths: What You Need to Know!

Main Street Business

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What Is the Corporate Viel?

The l c is generally for asset protection. It protects you from your rental prty liabilities. There's something called the corporate veil that prevents them from coming down and getting me personally, or going after my assets,. If there's other owners in the business, they can't sue any of them individually. But it's an important onenoa, you're mincing words. It's called the law. So a for you, not the asset.

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