Mr Fed UP wrote:
Other weasel words I have seen on many company names these days.
Are LLC instead of INC or CO .... I found it to be the acronym for
Limited Liability Company. Anyone know what this means for them
to weasel out of being liable? Seems like most companies are going
to similar labels. I don't want to be liable for nothing either, but
Sheezzzz!!! Do we all expect to get shafted from every place we
do business now? Any enlightenment appreciated.
Any lawyers out there? Can they really do business and not be
responsible for the services and products they sell?

You're confusing liability for damages with liability between partners
of a corporation. Same word, different context.

Here's a brief explanation taken from the web.


Liability Issues of a Limited Liability Company

In a limited liability company, a member's legal liability is limited to
his or her investment in the business. Generally, a member's personal
assets are not at risk, but a member's personal assets may be at risk if
any of the following occurs:

*
A member personally guarantees a business debt.
*
The form of business is found to be a sham (not properly formed
or maintained).
*
A member becomes personally liable as a result of his or her own
acts or conduct.


-Bill