Frequently, cases come into the office involving a local contractor that has been sued personally by a customer. Unfortunately, I often learn that the contractor is functioning as a sole proprieter (much more on the Cape than I see in my off Cape office) with no corporate protection. This means that you can be sued in your personal capacity and that your personal assets are exposed.
At reasonable cost, we can establish a Single Member LLC, LLC or SubS Corporation that will shield you from personal liability…and help you sleep better at night. For more complex or multiple transactions, we are beginning to explore something called the Delaware Series LLC which is a single entity that can be used to hold multiple investments…real estate for example.
Of course, what will work best for you will depend upon your individual circumstances. Call us to discuss we’ll make sure that you’re well protected!
Bruce A. Bierhans