Liability under a LLC

As the name suggests, creditors of LLCs can look only to the assets of the company to satisfy debts; creditors cannot go after members and hope to recover their personal assets.

Addionally, the personal assets of LLC members are protected against claims of negligence made against an LLC. However, an LLC member could be sued as a negligence co-defendent along with the LLC, in which case, the member's personal estate could be in jeapardy.