i was told by an attorney that a company that a lawsuit was filed against, has a maximum amount of funds set aside just for this purpose since they have become new owners of the existing nursing home. is this the purpose of an LLC?
A limited liability company in the law of the vast majority jurisdictions is a form of business company that provides limited liability to its owners, called members.
Check with a lawyer in your locale to discuss more of the details.
Good luck to you.
God bless.
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