If your partner/spouse owns a business can you be legally isolated from any liability associated with it?

I have joint accounts with my father and brother and want to protect my and their assets since they are also in my name.

If anyone knows?

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Northwest · M

The devil is in the details. You should consult an attorney about your particular case. Setting up an LLC, and having the LLC own the accounts, may be a solution.

NiftyWhite · 46-50, F

what’s an LLC@Northwest

DoubleRings · 51-55, F

yeah what’s LLC@Northwest

Northwest · M

@DoubleRings Limited Liability Corporation. It protects your personal assets, even if the LLC goes belly up, or is exposed to liability. A business attorney, or a CPA/CFA would be able to advise you.