These corporate business structures protect the business owner's personal assets from liability charges against the company, but the business itself remains vulnerable. (trustedchoice.com)
However, these corporate business structures are designed only as a means of protecting the business owner's personal assets from liability charges against the company. (trustedchoice.com)
For example, if you own a storefront business, and a customer is injured while shopping in your store, you may face liability charges for medical expenses. (trustedchoice.com)