Elden Sodowsky provides answers for the most frequently asked questions by clients.
Q: How does an llc (limited liability company) protect me and my assets?
A: A limited liability company (llc) is a separate legal entity from you personally. In order for the llc to provide protection to you and your personal assets, youmust first set-up the llc properly and follow all formalities. You should consult with a qualified business lawyer to advise you on the proper steps for doing this. In addition, you must keep the llc's assets, liabilities, income and expenses separate from your personal assets, liabilities, income and expenses. The llc won't protect you from your own personal acts of negligence or other personal actions. But, it can protect you from claims arising from the business conducted by the llc. A lot people woh have investment properties, such as rental homes, set-up an llc to own each separate property so the assets are "compartmentalized."
Make sure you take ALL the steps necessary to get your business properly set-up Don’t miss a critical piece and wind up with problems down the road. I can answer the questions you might be hesitant to ask anyone else. I can help you find peace of mind and get you started right or get you back on the right track.
Call my office today at 703.322.0500 (or toll-free at 800.322.9118) to schedule a consultation.
The Sodowsky Law Firm serves all of Virginia and in particular the following Virginia counties, cities, and towns: Fairfax County, Loudoun County, Prince William County, Arlington County, Fauquier County, Stafford County, Fairfax, Chantilly, Centreville, Herndon, Reston, Vienna, Manassas, Manassas Park, Leesburg, Alexandria, Falls Church, Ashburn, South Riding, Sterling, Dale City, Woodbridge, Warrenton, Fredericksburg, and Stafford.
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Sodowsky Law Firm, PC
12500 Fair Lakes Circle
Suite 100
Fairfax, VA 22033-3804
Phone: (703) 968-8000
Fax: (703) 968-9123
Toll Free: (800) 322-9118
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