Aaliyah is concerned about keeping her own assets separate from risks associated with her business. What legal action would protect her personal assets from her business liabilities?
One legal action that would protect Aaliyah's personal assets from her business liabilities is the formation of a Limited Liability Company (LLC). By establishing an LLC, Aaliyah can create a separate legal entity for her business, which is distinct from her personal assets. This means that if her business were to face any financial liabilities or legal disputes, her personal assets would generally be shielded from being used to fulfill those obligations.
Other legal actions that could offer similar protection for Aaliyah's personal assets include forming a corporation (such as a C-Corporation or S-Corporation) or creating a limited partnership (LP), depending on her specific needs and circumstances. It is recommended that Aaliyah consults with a qualified attorney or business professional to determine the most suitable legal action for her situation and jurisdiction.