Do I need to form a limited liability entity when I start a new business?

It is recommended, but not required that you form a separate entity for your new business. Should your new business be sued for an injury caused by that business, then you are personally liable unless it operates as a limited liability entity. Therefore, it is recommended that you form a limited liability entity for the new business if you want to protect your assets from a judgment creditor of the business.

Would you benefit from FREE one-on-one professional counseling to help you start-up or operate a small business in El Paso, Texas?

SCORE volunteers provide free small business counseling and mentoring, low-cost entrepreneurial training seminars, and free confidential advice from small business experts.  SCORE  offices in El Paso, Texas can be contacted at this link.