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    3 Replies Latest reply on Aug 15, 2009 9:02 AM by 1lorna

    LLC

    1lorna Newbie
      What's the difference between a LLC and regular business insurance? D o you recommend both and why?
        • Re: LLC
          PigSkin Newbie
          I'm assuming by "LLC" , you mean a Limited Liability Corporation. An LLC has partners who may or may not be an employee of the business. The partners risk is limited to their investment in the business, but they would not be entitled to employee benefits such as Group Life, Health, Disability and Retirement. If the LLC partner is giving advice to the business, they may need personal liabilty insurance.

          Hard to say what you mean by business insurance, too. Trying to focus on your need.
          • Re: LLC
            LUCKIEST Guide
            LLC, Welcome. Do you have an Accountant?? A Lawyer??

            Do you know about SCORE?? SCORE is FREE both in person and online.

            Good luck, LUCKIEST
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            • Re: LLC
              1lorna Newbie
              Thanks pigskin and luckiest but i need more my friend has LLC on her business she say's so her business is protected and she wont be able to be sued personally as for me i only have liability insurance. I dont know the difference of if i should be under LLC insurance.