Protecting Your Assets from Business Activities
- GENERALLY
When starting a business you should consider taking steps to protect your personal assets, including your home, from business creditors and other business claims. First, consider creating a separate legal entity under which you will conduct your business, e.g. INCORPORATE, set up a LIMITED LIABILITY COMPANY, etc. Second, consider non-business protection options such as, filing a DECLARATION OF HOMESTEAD (if applicable in your jurisdiction) for your home.