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Avoiding the Risks of a Single-Member LLC - All Up In Yo' Business

For more on single-member LLCs, watch 'How Do I Pay Myself in a Single-Member LLC?' at    • How Do I Pay Myself in a Single-Membe...   Forming a limited liability company can be a great way for business owners to avoid personal liability for the debts and liabilities of the company. However, being the sole member in a single-member LLC carries with it an enhanced risk of personal liability by creditors piercing the corporate veil and the alter ego doctrine. If the assets and the actions of the LLC are so intertwined that the LLC is merely the "alter ego" of the business owner, creditors may be able to pierce the corporate veil and go after the personal assets of the business owner to satisfy debts of the company. ***** Want to work with Aiden? Please visit https://www.180lawco.com/contact to submit an inquiry form and schedule a consultation. We do not respond to legal questions submitted by email or through our website unless you schedule a consultation or are already a client of 180 Law Co. Unless you are a current client of 180 Law Co., please do not send any confidential or personal information to us by email. Prospective clients are required to submit an inquiry form and schedule a consultation. If you are not a current client, you acknowledge that we have no obligation to maintain the confidentiality of any information you submit to us via email, unless we have already agreed to represent you or we later agree to do so. Thus, we may represent a party adverse to you, even if the information you submit to us could be used against you in a matter, and even if you submitted it in a good-faith effort to retain us. If you would like to inquire about or retain or legal services, you must first submit an inquiry form and schedule a consultation. Visit https://www.180lawco.com/contact to do so. Visit https://www.180lawco.com/services/ for more info on our services and pricing. Follow Me!   / allupinyobusiness     / _allupinyobiz     / 180lawco     / all   Up In Yo' Business Want more All Up In Yo' Business? Become a member for special access to members-only videos, live streams, live chats, behind the scenes, and MORE! Join today    / @allupinyobiz   ********** FREE DOWNLOADS: How to Pay Yourself in a Single-Member LLC http://bit.ly/37ZzCxV Introduction to Trademarks Guide http://bit.ly/introtoTM Sample LLC Consent to Action https://bit.ly/3bwsslO Three Tips for Trademarking Your Brand http://bit.ly/37ZcSgZ New Business Checklist http://bit.ly/37eEO0v Top 5 DON’Ts of Social Media and Online Marketing http://bit.ly/30OVycF Get our on-demand webinar and learn step-by-step how to trademark a name and logo WITHOUT a lawyer. BRANDISH: DIY Your Trademark Application. Sign up today at http://bit.ly/brandishdiy Get serious about protecting your brand and business. Check out Brand Bombshell, our all-inclusive trademark registration package. Learn more at http://bit.ly/2lR0JIj Ready to open a bank account for your new business? Novo makes it incredibly easy. You can apply online in minutes with or without an EIN. And the best part, it's totally FREE. No monthly fees, no minimum balance requirements, free ACH transfers, and more. Use my affiliate link to open your free business checking account today! https://bit.ly/2P8OBlh Use our DIY tool to form your LLC today! Visit http://bit.ly/374A4uH I’ve partnered up with a GREAT company, Legalinc., to provide a super-easy and budget-friendly way to set up your own LLC in any state! ********** I use VidIQ & TubeBuddy to optimize this video and my channel. And for reals, I love them. If you want to check them out and show your love for All Up In Yo’ Business, you can use my affiliate links! I may get a small cut if you buy their products. VidIQ: https://bit.ly/3dbew7z TubeBuddy: https://www.tubebuddy.com/AUIYBuddy ********** The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 1580 N. Logan St., Ste 660, PMB 92925, Denver, CO 80203. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved. #AllUpInYoBiz

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