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The Importance of Limiting Liability
The speaker and Emily discuss the origins of their company, Dragonsteel, and how they started it to limit liability by forming an LLC. They highlight the importance of proper documentation and how a lack of it led to a lawsuit for someone they knew. By forming an LLC, they could protect their assets in case of a lawsuit related to their books, ensuring that only the profits from the books could be taken. This precaution was taken based on advice from the speaker's agent to mitigate financial risks and protect their work.