Carpet and Floor Cleaning Industry Chat Forum : Legal form of ownership https://www.kleenkuip.com/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Sun, 21 Jun 2026 12:08:41 +0000 Thu, 27 Jan 2011 15:34:20 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.06 360 https://www.kleenkuip.com/forum/RSS_post_feed.asp?TID=6893 <![CDATA[Carpet and Floor Cleaning Industry Chat Forum]]> https://www.kleenkuip.com/forum/forum_images/web_wiz_forums.png https://www.kleenkuip.com/forum/ <![CDATA[Legal form of ownership : Someone falls and you loose your...]]> https://www.kleenkuip.com/forum/forum_posts.asp?TID=6893&PID=162872&title=legal-form-of-ownership#162872 Author: jaymark1
Subject: 6893
Posted: 27/January/2011 at 3:34pm

Someone falls and you loose your house, car, marriage and everything.  You need to seperate your business from your personal.
 
An LLC costs $100 bucks, you can form it yourself online.   Dont fall for those commericals who tell you you need to pay them for an LLC, its easy!
 
Get a lawyer, an accountant, and an insurance guy, dont skimp on the legal stuff.  I sleep easy at night knowning I am covered!

Call me if you want to talk it over.  215.791.831
]]> Thu, 27 Jan 2011 15:34:20 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=6893&PID=162872&title=legal-form-of-ownership#162872 <![CDATA[Legal form of ownership : You need to go LLC. ]]> https://www.kleenkuip.com/forum/forum_posts.asp?TID=6893&PID=162856&title=legal-form-of-ownership#162856 Author: westcovina
Subject: 6893
Posted: 26/January/2011 at 7:43pm

You need to go LLC.]]> Wed, 26 Jan 2011 19:43:30 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=6893&PID=162856&title=legal-form-of-ownership#162856 <![CDATA[Legal form of ownership : Hey All,This is my first post...]]> https://www.kleenkuip.com/forum/forum_posts.asp?TID=6893&PID=162855&title=legal-form-of-ownership#162855 Author: Rick4Life
Subject: 6893
Posted: 26/January/2011 at 12:04pm

Hey All,

This is my first post however I have been on this forum for months. I am currently starting my business and trying to choose my legal form of ownership. I am leaning towards being a Sole-Proprietor. I went and met with a Small Business Development Center Consultant yesterday and she started putting all these thoughts into my head that I should file for an LLC and incorporate.

Mind you, I will be operating as a one man team and operating from my home. I will not have any employees at this time or within the next 6-12 months.

Obviously the concern is if a customer tries to sue me and takes everything I own including my house. I will of course have insurance that will cover me up to $2 million. However I was wondering if anyone here has ever run into a situation where a Sole-Proprietor has been sued for everything they have that insurance would not cover.

Thanks all!
]]> Wed, 26 Jan 2011 12:04:02 +0000 https://www.kleenkuip.com/forum/forum_posts.asp?TID=6893&PID=162855&title=legal-form-of-ownership#162855