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What is the purpose of an LLC when everyone wants personal guarantee before setting up an account?

dlk426


I’m opening a small business and was directed to file as an LLC so as to protect my personal assets. But everyone that I would like to setup an account with wants a personal guarantee whether I’ve been in business 1 or 10 years. What good does the LLC serve under those conditions? I understand about the lawsuit protection aspect, but where’s the personal asset protection?

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