San Diego, CA asked in Business Law for California

Q: will a llc protect me from lawsuits in europe?

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1 Lawyer Answer
Robert P. Cogan
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Answered
  • San Diego, CA
  • Licensed in California

A: Under many circumstances, formation of an LLC will protect a member from personal liability for judgments against the LLC. However, there are many grounds on which an LLC member can be held personally liable. For example, not being qualified to do business in a US state or a European country is one ground. This is something that must be done in addition to forming the LLC. The members and the LLC cannot commingle assets. Other facts could also lead to personal liability. You need to tell an attorney all the facts about how the business will operate. Otherwise you might run into an unpleasant surprise.

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