QUESTION
LLC that is registered to a personal house if sued will house be at risk?
Asked on Aug 26th, 2015 on Business Law - Pennsylvania
More details to this question:
I founded an LLC that is a juicing company and have it registered to my personal house, due to lack of capital to purchase a store front yet. In the case of it being sued would my house be at risk for being a asset of the company?
1 ANSWER
Your house is no more an asset of the company than any office space you rent. However, it can't hurt to cause the llc to pay you a reasonable rent for the space.
Answered on Aug 27th, 2015 at 9:44 AM