🤷🏻♀️ The main reason to form an LLC is to keep the liabilities of your company from becoming your personal liabilities. In other words, instead of a loss or judgement coming from your personal bank account (or stuff–>car, home, etc), the loss stops at the assets of the LLC. However, there are minimum requirements for the benefits of the LLC to work. Some behaviors though, can really sink you. In this video, we talk about risky activities of single-member LLC owners.