|
|
|
|||||||
| Daycare Insurance Discuss your insurance and liability concerns here. |
 |
|
|
Thread Tools | Display Modes |
|
#1
10-14-2018, 06:26 PM
|
||||
|
||||
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.
I’m in NY state. I’m not required to file a DBA/LLC/etc. but if that helps then I would. Thanks for any input! 
|
|
#2
10-14-2018, 11:29 PM
|
||||
|
||||
|
I’ve 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
|
|
#3
10-15-2018, 10:43 AM
|
||||
|
||||
|
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.
|
|
#4
10-08-2019, 10:52 PM
|
|||
|
|||
|
Gratitude
Thank you very much for this thread. It has been extremely useful.
|
|
#5
10-11-2019, 05:28 AM
|
||||
|
||||
|
Look into something called The Homestead Act.You can file papers to protect your home.Also the liability policy.
|
|
| Tags |
| llc, separating daycare from house |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Certified Home Daycare for Sale In Corvallis, Oregon-Make Up To $15,000.00 Per Month! | CheekyChick | Open Daycare Center - Sell a Daycare - Rent a Daycare - Buy a Daycare | 0 | 10-13-2016 04:58 PM |
| Home Improvement Expense - Tax Prep Questions | christi | Daycare Center and Family Home Forum | 2 | 05-02-2015 09:42 AM |
| Home Daycare business... And EXES ruining your life. | tehck_1013 | Daycare Center and Family Home Forum | 5 | 05-15-2014 12:44 PM |
| Registered Business Name for a Registered Family Child Care Home? | *Sunshine* | Daycare and Taxes | 4 | 12-26-2013 04:10 PM |
| taxes with 2nd home business??? Tom Help!! | Unregistered | Daycare and Taxes | 1 | 06-28-2012 10:09 AM |
Linear Mode
