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Today we are going to take a look at one of the most popular forms of business entities. Its official name is a Limited Liability Company and the name tells us a lot about it. Here are some ways you can be personally liable: ☑️ If you treat the LLC as an extension of yourself rather than as a separate legal entity. ☑️ If you fail to properly handle the payroll taxes for the company’s employees. ☑️ If you personally and directly injure someone during the course of business due to your negligence. ☑️ If you intentionally do something illegal, reckless, or fraudulent and it causes harm to the company or to someone else. LLCs are a great option for many businesses, particularly small businesses. Explore this option closely as you start your business or you want to protect yourself as your business grows. ✴️ Find out more at https://www.uslegalforms.com/deedforms ✴️ Choose a subscription plan for a price cheaper than a single form! Find out more at https://uslegalforms.com/pricing ✴️ Follow us on our socials to stay up to date: / uslegalforms / uslegalinc / uslegalforms