How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask FLCORPLAWYER Your Own Question
Category: Business Law
Satisfied Customers: 4634
Experience:  23 Years business & securities law, NY and FL bars. SEC all states.
Type Your Business Law Question Here...
FLCORPLAWYER is online now
A new question is answered every 9 seconds

I have just started a limited liability corporation in Minnesota,

This answer was rated:

I have just started a limited liability corporation in Minnesota, USA. I plan to run my company from a home office in my residence. Just how "limited" is the liability in an LLC?
For example: Can a lien be placed against my home? Can it be seized and sold to pay debts or damages? Can any property connected (legally or physically) be affected through it?
If you maintain all of the corporate records an LLC should afford you the same level of protection that a regular corporation would. Creditors would be limited to recovery of any assets owned only by the LLC. It matters not that you run the company from your home.
FLCORPLAWYER and 2 other Business Law Specialists are ready to help you