- Jurisdiction
- Kansas
We have a couple small business ventures coming up. We intend to either file for new LLCs or Scorps. However, I recall asking years ago about personal asset protection and a few people basically said there is no protection. That seems to nullify any reason to create a corp!
One business will be making water monitoring sensors. This business would be operated from home.
Another will be excavation services. We already own the equipment under our farm and I would like to rent the equipment to the LLC for the "for profit services".
In both cases we are sort of merging the lines of personal and business due to the home based businesses. I knows tons of businesses do this like plumbing, hvac, etc. I just need to ensure my farm, home, and other personal assets could not be subject to any liability claims.
One business will be making water monitoring sensors. This business would be operated from home.
Another will be excavation services. We already own the equipment under our farm and I would like to rent the equipment to the LLC for the "for profit services".
In both cases we are sort of merging the lines of personal and business due to the home based businesses. I knows tons of businesses do this like plumbing, hvac, etc. I just need to ensure my farm, home, and other personal assets could not be subject to any liability claims.