Cryptocurrency Q&A
What is the difference between LLC and owner?
What is the difference between LLC and owner?
Elena
Fri Oct 25 2024
|
6 answers
1552
I want to understand the distinction between a Limited Liability Company (LLC) and an owner, specifically how their roles, responsibilities, and liabilities differ.
6 answers
Isabella
Sun Oct 27 2024
Conversely, in a sole proprietorship, the business' liabilities and obligations become your personal responsibilities.
Was this helpful?
320
61
Lorenzo
Sun Oct 27 2024
LLCs and sole proprietorships exhibit crucial distinctions.
Was this helpful?
327
37
Raffaele
Sun Oct 27 2024
The primary divergence lies in the aspect of liability.
Was this helpful?
157
98
Andrea
Sun Oct 27 2024
With an LLC, you enjoy limited liability for the business' debts and obligations.
Was this helpful?
399
78
CryptoTitan
Sun Oct 27 2024
This means that your personal assets are shielded from any legal claims against the business.
Was this helpful?
138
71
Load 5 more related questions
