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 Roger Your Own Question
Roger, Attorney
Category: Business Law
Satisfied Customers: 31685
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
Type Your Business Law Question Here...
Roger is online now
A new question is answered every 9 seconds

Should I create a seperate LLC to be the Managing Member of

This answer was rated:

Should I create a seperate LLC to be the Managing Member of the LLC ?

Would I have personal liability in the LLC if I become the managing member?

I have personal assets, a house, 401 K, Investments I don't want to risk.

But the only thing I intend to do as managing member is collect on the judgement.


Roger : Hi -
Roger : There's likely little reason to form a second LLC to manager the other LLC.
Roger : If you're the manager, you don't have any personal liability for any actions of the LLC. Your only liability would be if you did something illegal, which is the case no matter what.

OK Thanks

Roger : Sure.
Roger and 2 other Business Law Specialists are ready to help you