Anyfice Posted May 4, 2014 Share Posted May 4, 2014 Hi, I am in the process of buying my first machines, filing for my LLC, and looking for locations - I've done the research, now I'm putting it all into action. I was wondering, if I am unable to open up my business checking account because I don't have my LLC approved yet (It's been submitted), and I go ahead and buy my machines through my personal account, will I be personally liable if anything happens because of my machine? For example, say a kid knocks over my machine and gets hurt and his parents sue my company. Because I have a Limited Liability Company, am I personally protected, or no, because I bought the machines through my personal account? Thanks for the feedback! This forum has been an awesome wealth of knowledge so far. Link to comment Share on other sites More sharing options...
orsd Posted May 4, 2014 Share Posted May 4, 2014 Use cash Buy insurance too Link to comment Share on other sites More sharing options...
Anyfice Posted May 4, 2014 Author Share Posted May 4, 2014 I'm not sure that there's a way to buy with cash...we're buying new from A&A global Link to comment Share on other sites More sharing options...
orsd Posted May 4, 2014 Share Posted May 4, 2014 Oh... I thought you were getting used But still, get insurance because an llc might not completely cover, and you might lose your business Plus, insurance probably covers a lawyer too Link to comment Share on other sites More sharing options...
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