This post has been removed by the moderators of r/politics
2,319
New Jersey's Division of Alcoholic Beverage Control reviewing liquor licenses held by Trump's golf courses
Author Summary
FreeChickenDinner is
in
New Jersey
Comments
[not loaded or deleted]
[not loaded or deleted]
Interesting. Many contractors I've worked with over the years were organized as single-member LLCs. A company like Amazon.com Services LLC will have a parent entity with many shareholders, but contract hundreds to thousands of people with tiny LLCs.
But then you're probably sampling from many industries.
My understanding is that LLCs tend to be easier to pierce because they are easier to set up, and that makes it more likely that the owner is a layperson who has not properly separated the finances.
Author
Account Strength
100%
Account Age
6 years
Verified Email
Yes
Verified Flair
No
Total Karma
618,993
Link Karma
460,409
Comment Karma
148,917
Profile updated: 5 days ago
Subreddit
Post Details
Location
We try to extract some basic information from the post title. This is not
always successful or accurate, please use your best judgement and compare
these values to the post title and body for confirmation.
- Posted
- 5 months ago
- Reddit URL
- View post on reddit.com
- External URL
- abcnews.go.com/US/new-je...
An LLC (assuming you aren't doing anything fucky) protects your personal assets from liability as well as any other entity structure. It's easier to pierce the corporate veil on any entity if it's essentially an alter-ego for a single owner, though.
LLCs are usually owned by one person, but you can file articles of organization that specify other Members. S-Corps and C-Corps typically have multiple stakeholders but it is possible to incorporate with one owner.