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Old 09-14-2013, 09:50 PM
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Starburst Starburst is offline
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Join Date: Jan 2013
Location: Oregon
Posts: 1,410
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Quote:
Originally Posted by Laurel View Post
What does LLC mean?

I have liability insurance for my daycare. I use DCI, Inc. (Day Care Insurance). I have been very happy with them.

Laurel

Edited to add: http://dcins.com/home.php
LLC means a Limited Liability Company. An LLC is like a bubble that protects your nonbusiness related assets. Say if a child gets hurt at your business and the family sues you and you have an LLC then they can only go after your business assets but not your personal assets like if you were a sole proprietor (personal assets: home, car, spouse's car, children's college fund).

She talks a little more about it in this video:
http://www.startapreschool.com/training/business.html
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