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Ways to Limit Personal Liability as a Business Owner

July 1, 2022

There are a few things business owners can do to limit their personal liability.

-Create an entity: LLC, Corp, S Corp

-Maintain the proper documents for that entity

-Records, minutes, bylaws, agreement, annual reports, etc.

-Obtain and EIN for your entity and open a separate business bank account

-Keep business and personal transactions separate

-Obtain general liability insurance

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