Liability
A corporation's creditors usually do not be past the assets of the corporation to satisfy their claims. The most a stockholder can lose financially is the amount he or she invested.
Current Liability
Yes, it is a current liability.
A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.
creditor is a liabiliity
A corporation's creditors usually do not be past the assets of the corporation to satisfy their claims. The most a stockholder can lose financially is the amount he or she invested.
Current Liability
To safeguard your assets from creditors, you can consider strategies such as setting up a trust, creating a limited liability company (LLC), purchasing insurance, and consulting with a financial advisor or attorney for personalized advice. These methods can help protect your assets in case of legal claims or financial difficulties.
Yes, it is a current liability.
A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.
Chapter 7 bankruptcy protects you from creditors and sells your non secured assets to pay the creditors that you owe. If you do not own an assets, you will not have to pay the creditors and the debt will be forgiven.
liability
creditor is a liabiliity
Liabilites
Assets- Liabilities = Owners Equity :)
The components of current assets are creditors, cash, debtors and stock.
One way to protect your property from creditors is to establish a trust or create a limited liability company (LLC) to hold your assets. This can help shield your property from being seized in the event of a lawsuit or debt collection. Additionally, consider purchasing adequate insurance coverage to protect your assets in case of unforeseen circumstances. Consulting with a legal or financial advisor can also provide guidance on specific strategies to safeguard your property from creditors.