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The Water Cooler
General Discussion
Do I really Need A LLC? - Limited Liability 'Company'
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<blockquote data-quote="inactive" data-source="post: 2139523" data-attributes="member: 7488"><p>They can still sue you personally under certain circumstances, if they believe you individually acted negligently or in bad faith separately and beyond your role in the business. Just ask any insurance agent or adjuster who has been named alongside their employer in a lawsuit. A higher profile example would be any civil suits (not the criminal) filed against Madoff for investment fraud. He can be sued separately from his investment management firm.</p><p></p><p>I will concede that rarely are individuals ever personally found culpable of individual wrongdoing, but it can happen.</p></blockquote><p></p>
[QUOTE="inactive, post: 2139523, member: 7488"] They can still sue you personally under certain circumstances, if they believe you individually acted negligently or in bad faith separately and beyond your role in the business. Just ask any insurance agent or adjuster who has been named alongside their employer in a lawsuit. A higher profile example would be any civil suits (not the criminal) filed against Madoff for investment fraud. He can be sued separately from his investment management firm. I will concede that rarely are individuals ever personally found culpable of individual wrongdoing, but it can happen. [/QUOTE]
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Do I really Need A LLC? - Limited Liability 'Company'
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