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it 40 09 12 Indd 2017

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Hey there gang Jim are here again from Hawthorne law, and today I want to talk about single member LLC's I want to talk to you about what they are I want to talk to you about how to avoid the risks that you could get sued and your personal assets could get reached by creditors who might be suing your company if you are a single member or LLC, so that's kind of what I want to talk to you about today let's start with what an LLC is an LLC is a limited liability company and a single-member LLC is basically an LLC that only has one member and that would typically be you I would suppose alternatively you could have what's called a multi-member LLC which is where you and your buddies get together and decide that you want to form an LLC and that's cool, and you can do that too and that would be a multi-member LLC the biggest reason that many people will form an LLC especially if they're doing an online business is because they want to avoid personal liability so if you have a blog out there,

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