As the southwest Florida area begins preparing for “season,” I would like to take this time to remind anyone starting a new business that single member limited liability companies do not provide their member with any protection from liability. While most states do not make a distinction between single and multi-member LLC’s for purposes of liability, the Florida Supreme Court held in a case out of Miami that corporate creditors can “pierce the veil” of a single member limited liability company and collect from the member.
That said, there are a number of ways to insure that you do receive the liability protection you desire–most of which, do not raise the cost of formation–when forming a new LLC or business. From adding another member to organizing under the laws of a different jurisdiction, we can help you obtain the asset protection and piece of mind that you desire.
To learn more, visit the Wegner Law PLLC website at wegnerlawfirm.com or contact us today (phone: 239 449 9200 or email firstname.lastname@example.org)