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

the LLC ? Would I...
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.

Thanks
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11/2/2013
Roger
Roger, Attorney
Category: Business Law
Satisfied Customers: 31,881
Experience: BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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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.
Customer:

OK Thanks

Roger : Sure.
Roger
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Category: Business Law
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