If either the LLC or Company are not able to shell out its debts, creditors typically only go after the organization's belongings and never the house owners' personalized property. There are actually certain circumstances if the owner of a corporation or LLC is held liable for the business' debts. https://3-things-to-avoid-when-fi20853.blogtov.com/10327750/5-essential-elements-for-how-will-filing-bankruptcy-affect-my-small-business