![]() Since your business is registered as an LLC, you will not be held personally liable for compensating the claiming party, assuming that it wasn’t your personal action that brought the claimant harm.Įxample 3: You decide to acquire a small business loan in order to purchase more female breeding dogs, as well as your own stud. When the parents threaten to bring a medical damages lawsuit against your LLC, you worry that you will be personally liable for the child’s injuries. Since you benefit from limited liability, the claimant will not be able to sue you personally in order to be compensated, regardless of how a claim progresses in court.Įxample 2: When your customer’s child wanders off and attempts to pet one of your stud dogs, he becomes injured as a result of a vicious dog bite. You believe that the employee that sold the puppy had disclosed this at the time, but you have since fired her and have no way of checking. This means your personal assets (e.g., car, house, bank account) are protected in the event your business is sued or if it defaults on a debt.Įxample 1: One of your clients claims that a puppy they purchased from your dog breeding business had been spayed without their knowledge, and they threaten to sue your business. LLCs provide limited liability protection. Protect your savings, car, and house with limited liability protection. ![]() LLC Benefits For a Dog Breeding Businessīy starting an LLC for your dog breeding business, you can: ![]() You should form an LLC when there's any risk involved in your business and/or when your dog breeding business could benefit from tax options and increased credibility. LLCs are a simple and inexpensive way to protect your personal assets and save money on taxes.
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