Being proactive in litigation is often the best strategy for success. If you are served with a civil complaint or discovery requests, you must take action, preferably by speaking with an attorney immediately. Failing to respond can (and often will) be used against you
Quite often, the greatest advantage of forming a corporation or LLC is the clear separation between business liabilities and personal liabilities, which is often referred to by lawyers as the “corporate veil.” That legal shield or ‘veil’ is what protects your home, savings, and other personal assets from business debts. But personal guarantees, which frequently accompany business financing agreements, can pierce that shield.
