Why Use a Business Entity?

A "filing entity" can be a corporation, LLC (limited liability company), or other corporate form that serves as a liability veil, shield, or forcefield between claims of folks who interact with the business and the individuals who own and run the business. LINKS: Firm Website: https://www.keith.law/ Podcast Website: https://www.keith.law/category/podcast/ Episode blog post: https://www.keith.law/business-disputes/why-do-business-through-an-entity/ Calendly page to schedule a call: https://calendly.com/keithlawpllc/20minute LinkedIn profile: https://www.linkedin.com/in/jason-keith-0736a931/ TIMESTAMPS: 00:00 — Topic 00:32 — "Filing entity" defined, some of the types, its basic purpose, and how it is treated legally 02:50 — Why not simply buy insurance? The "your work" exclusion example. 04:27 — Veil piercing and alter ego 05:40 — Tex. Bus. Org. Code 21.223(a) limitation in the contractual context 06:58 — Return to the subject of signing business contracts properly 07:42 — Return to the subject of personal guarantees 08:11 — Final thoughts, how to ask questions or read the related blog post, and outro Disclaimer: This audio and related blog post are for informational purposes only and should not be misinterpreted as legal or other professional advice. If you have a legal question, you should consult with an attorney in your jurisdiction. Thank you for tuning in to Keith Law, PLLC.