by kmlarcom » Fri Oct 09, 2009 08:47 pm
WE are a fledgling 2 person education consulting business and want to be legally covered as simply as possible. Do we need both E&O and LLC or will one or the other suffice?Thank you.
Posted: Sat Oct 10, 2009 03:20 pm Post Subject:
You're talking about two different things. E&O (Errors and Omissions) is liability insurance coverage, similar to malpractice coverage.
An LLC is a Limited Liability Corporation; nothing more than a type of business entity formation, such as a sole proprietorship or partnership are business entities.
Kind of confused...can you explain your concerns?
InsTeacher 8)
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