A primary benefit of LLCs is that they insulate the property owner from personal liability in the instance of slip-and-falls and other negligence claims. But could the LLC still be subject to a claim and how so? What about creditors and tax deferability? Also, how does the LLC affect title transferability? Find out on the next Bottled Business Sense Show.

Bottled Business Sense Show

Bill Bernard – WFBLegalConsulting.com

BEST ASSET PROTECTION LAWYER FOR BUSINESS
bill@wfblegalconsulting.com
949.698.6222

Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182

The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.


Managing relationships between owners of a small business can be quite trying at times. In cases of severe disagreement or incompatibility within a limited liability company, firing one or more owners, referred to as members, may be an option. However, generally an LLC may only fire a member when the operating agreement allows it, and if the owner is compensated for his share of the business.

Learn the details on this week’s show.

Bottled Business Sense Show

Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222

Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182

The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.


A California limited liability company (LLC), sometimes called a limited liability corporation, is a hybrid of the Partnership and Corporation. The LLC, if properly formed and maintained, offers its members personal liability protection (like a corporation) and pass-through tax treatment (like a partnership). California offers three types of LLCs and therefore, I get many frequently asked questions about their structure and advantages and requirements. Learn more this Tuesday on our next Bottled Business Sense Show at 10am PST. https://lnkd.in/bWE4j_D

Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222

Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182

The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.


Are You Personally Liable for Business Debts? The answer depends largely on the structure of your business. If you did not form a specific business entity and you are the only owner of the business, you are probably a sole proprietor. A sole proprietorship is not a separate legal entity — which means you are personally responsible for all business debts and when you file for bankruptcy, you are really filing a personal bankruptcy. If your business was formed as a partnership, corporation, or limited liability company (LLC), whether you are liable for your company’s debts depends on other factors.

Join us to learn more on the Bottled Business Sense Show.

Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
wfblegalconsulting.com/bottled-business-sense-show/

Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182

Steve Smith – GrowthSourceCoaching.com
steve@growthcoursecoaching.com
949.951.9163


Check Out Legal Podcasts at Blog Talk Radio with BOTTLED BUSINESS SENSE SHOW on BlogTalkRadio

Pursuant to the California Corporations Code, there are certain specific items you must keep available at your place of business to comply with entity requirements. As an adjunct to an earlier show dealing with Practical Business Entity Tips, Bill and Rick discuss the “brick and mortar” office requirements as they apply to an LLC–the entity about which the most frequent questions have been submitted by viewers of the show. Learn what and where relevant documents need to be kept and what you must implement should you decide to dissolve your business entity.