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The protection offered by an LLC depends on many factors. First, where are you establishing the company? Second, is the LLC adequately capitalized (does it have its own assets to operate, or is it just a front for an individual). Do the officers and directors of the LLC follow the requirements of their state in terms of management of the LLC: do they hold regular meetings of the board, with minutes and votes as required? An LLC without the assets and formalities may not provide any protection to its owners at all. Property capitalized and run, however, an LLC can protect its owners from personal liability for those debts of the company (again, varies by state).

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Q: What protection does an LLC provide?
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