Outside Creditors

Most business owners and professional are not only concerned with protection from Inside Creditors, but are also worried about Outside Creditors who attempt to enforce claims against the business owner or professionals personally.  Many business owners and most professionals face the risk of having claims directed against them personally regardless of whether or not they have a corporate or LLC entity in which their business operates.  If there is a mal practice lawsuit against the doctor, attorney or business professional, then there is a claim against that individual personally that is an outside debt.  An automobile accident will give rise to a personal claim.  Business owners and real estate investors who sign loan documents and guarantee also face personal liability.