I reside in California and rear ended an automobile in Nevada. The driver retained counsel and is claiming medical damages that is in the area of $50k actual damages. My insurance policy is only for 30k. My insurance company has already offered the limits and but the plaintiff is going forward and is now refusing to negotiate toward settlement. I started a single member LLC after the accident and the business has little expenses, no debt, and some income. Based on the nature of the business, I can not accept another member into the LLC. If the plaintiff obtains a large judgment against me can I protect whatever present or future assets business I have in the LLC against this personal debt?
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