These Scary Problems Could Kill Your LLC

By Michael Banner - Oct 28, 2013          

We've come up with a list of 5 specific problems for LLC owners who don't follow the proper procedures when managing their LLC.  Failure to fix these problems could be very scary for your LLC!

To avoid personal liability, which can come from the improper management of your LLC, you must focus on avoiding these problems:
Problem 1: you forgot to pay the state and file an annual report
Problem 2: you forgot to do an operating agreement
Problem 3: you’re commingling funds with your personal account
Problem 4: you operate out of your house without a lease agreement 
Problem 5: you treat your LLC like a sole proprietorship

For more details, including a description of each problem, please read the full article, located on our site here:

Tags: LLC  
About Michael Banner
  CEO & Founder of, created over twenty years ago to help small business owners simplify the process of starting & managing their small businesses. now serves over 10,000 businesses per year with various filing and subscription services; in addition to the 1000's of daily visitors to, accessing free services, help pages, & educational videos & webinars.


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