Thursday, January 19, 2012

Personal Liability Protection for Consultants - DBA versus LLC -

I m thinking of beginning my own medical billing and collections consulting firm, but am concerned about personal risk/liability. Will setting myself up for doing business as and having clients sign a disclaimer acknowledging that any advice I provide is as-is without any implied warranty protect me and my personal assets; or do you suggest going the more costly route of working with a lawyer to LLC my consulting business? Thanks so much for any insight you can provide!

Laws vary by stateIn a case like this, you are the company. So forming an LLC (or eveb a corporation) may not protect you from acts of professional negligence; ie giving bad advise. Only a lawyer (in your state) well versed in liability law can answer that. Will setting myself up for doing business as and having clients sign a disclaimer acknowledging that any advice I provide is as-is without any implied warranty protect me Again, you need to talk to a local lawyer about the liability laws in your state. Just because you have someone sign a disclaimer, doesn t necessarily make it legally binding.In either case, dba or LLC, you need to make sure you have a good business liability policy.

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