[thelist] OT - small side job - Do I need liablity insurance?

warbassedesign.com info at warbassedesign.com
Mon Apr 1 16:59:01 CST 2002

Hi Samir,

A LLC is a is one method for incorporating your business.  It protects your
personal assets (not your company) in the event you become insolvent or
bankrupt.  That has nothing to do with exposures such as liability, errors
and omissions, property coverage etc.  Hope that helps define the difference
between the two.

Take care,
Philip Warbasse

----- Original Message -----
From: "Samir M. Nassar" <nassarsa at redconcepts.net>
To: <thelist at lists.evolt.org>
Sent: Monday, April 01, 2002 4:06 PM
Subject: Re: [thelist] OT - small side job - Do I need liablity insurance?

> Wouldn't a Limited Liability Corporation give you those same protections
> as one would get for insurance.
> In the end it would be your LLC that is liable, and not you, since
> technically you are the employee.
> Or am I interpreting this the wrong way?
> I am asking because I am considering setting up an LLC and I am
> wondering if it is worth it, especially vs. insurance.
> --
> Samir M. Nassar - nassarsa at redconcepts.net
> RedConcepts.NET - Open Source, Public Service
> 'Open Source, Open Systems, Open Borders, Open Minds'
> Fingerprint = 4D04 E209 3FE5 DA25 A873 DD79 BD77 4511 BB2B AB9F
> --
> For unsubscribe and other options, including
> the Tip Harvester and archive of thelist go to:
> http://lists.evolt.org Workers of the Web, evolt !

More information about the thelist mailing list