Are You Personally Liable for Your Business's Debts?
Is your business structured so that you won't be personally responsible for your business's debts? Business owners might be surprised to learn that they can be held personally liable for their business's debts. But it's true, due to a concept called "piercing the corporate veil."
Whether a business owner is personally liable for business debts depends in part on the business's entity type. Learn more about which entity types offer a high degree of liability protection, here.
Categories: Entity Planning