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Old 10-14-2018, 07:26 PM
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Default Separating Home and Business

Is there a way to legally separate your home/property from your in-home daycare business? I worry that if I were to ever be sued, my home/vehicles/etc. could be taken.

Iím in NY state. Iím not required to file a DBA/LLC/etc. but if that helps then I would.

Thanks for any input!
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Old 10-15-2018, 12:29 AM
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Iíve had close to a dozen LLC or S-corps. They are a level of protection from your personal assets. Consult you accountant or financial planner to find out which suits your needs. When you commingle personal with business espenses and liabilities, it can make things difficult if a client wants to bring a civil suit against you. The more distinct the separation, the better the protection. Here are some LLC threads that may be of help to you. https://www.daycare.com/forum/tags.php?tag=llc
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Old 10-15-2018, 11:43 AM
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The best thing you can do is get a commercial and professional liability policy. This will cover you in the event that you're sued by a client, which will help protect your assets.
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