Skip to main content

Can llc protect my business from my personal debt

Macomb, MI |

Remember that your question will be posted in a public forum for all to see. Include all relevant details, but please omit any particular identifiable information.

+ Read More

Attorney answers 1

Posted

Maybe. If you are the owner of an LLC and you have a judgment against you, a creditor could seize your ownership interest in the LLC. If you are not the owner of an LLC, but are merely an employee, if the creditor obtained a judgment they could garnish your wages but would not be able to seize the assets of the LLC since you do not own any interest in it.