personal assets
2021-12-18 15:10:22
Many artists opt for the LLC-based business structure that lets you segregate your business and personal assets. It isn't possible to separate your personal assets.
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If you're sued for the business you run (e.g. when someone enters your studio) the assets and personal belongings are used to settle.
The damage.
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The artists are the sole accountable
It's you, your vision and your work. Legally speaking, you're an sole owner. This means that both your company assets as well as personal assets are currently sole proprietorships.
