You created a corporation for a reason. Perhaps many reasons. But it is probably safe to say one of the biggest reasons you are going corporate is to obtain the corporate veil of protection from personal liability of business debt and unpaid creditors trying to collect. This is an obviously wise decision. But just because you have a corporation or LLC doesn't mean you can't be held personally liable. The corporate shield can be shattered.
|Corporations and LLC's can protect you from being personally liable for business debt and liabilities.|