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TomCopeland 11:33 AM 06-15-2018
Originally Posted by Unregistered:
Question for Tom when you say liability under a single owner LLC can the sue and take your business income from what we make from our daycare?
No matter how you incorporate your business, if you are sued they can take your business assets. This includes all money from your business and your business property (equipment, toys, as well as the business portion of your home and furniture and appliances). It's your personal assets that are presumably protected from a lawsuit.
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