@Anonymous_ wrote:
LLCs offer every bit as much personal liability protection as corporations (in Florida and other states).
While I agree that might be hypothetically true in many cases, I also think that people are much less likely to treat a LLC as a separate entity, versus a corporation, which could 'pierce the veil' of protection.
As a side note, I was told by a friend that his big-time business lawyer said that in some cases a corporation has more protection than an LLC in my state (Minnesota). I have no idea how accurate that is or if it is outdated information, but that is what the lawyer said (it was something along the lines that if a person was a member of multiple LLC's and one LLC was sued that other LLC's could possibly be affected, versus a corporation would not go past that one corporation).
