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Updated about 10 years ago on . Most recent reply

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354
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Dan Perrott
  • Rental Property Investor
  • Indianapolis, IN
167
Votes |
354
Posts

Should you use your personal name in your business name

Dan Perrott
  • Rental Property Investor
  • Indianapolis, IN
Posted

I was at a REI investment seminar today and it was mentioned that you should never have your name in the name of your business - in the line of being "asset protection". You should not use your name (first and/or last) in the name of your business (LLC, corporation, etc.) We were given the reasoning that you have a linkage between the business and yourself personally. It may therefore connect the company to you personally when a legal action is taken against the company.

Can just a name connect you personally to the LLC/Corporation and make you liable? Doesn't not make sense to me.

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1,344
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1,419
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Sylvia B.
  • Rental Property Investor
  • Douglas County, MO
1,419
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1,344
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Sylvia B.
  • Rental Property Investor
  • Douglas County, MO
Replied

Your name is already connected to your LLC. You are a managing member, are you not?

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