Limited Liability Companies (LLC) vs. Licensing: A Critical Distinction
In the state of Ohio, a fundamental requirement for those doing commercial or industrial work is obtaining the requisite licensing. But what exactly does this mean? It is important to note that, typically, Limited Liability Companies (LLCs) are primarily insured for residential purposes. Consequently, in situations involving commercial projects, business owners hiring LLCs may find themselves shielded from responsibility in the event of accidents. However, if the LLC’s insurance fails to cover the resulting damages, complications arise as the business owner’s insurance steps in, seeking compensation for any incurred losses. This scenario can lead to a perplexing situation for all parties involved. This dynamic is akin to the act of driving a vehicle with or without a valid driver’s license. Some individuals may still opt to operate their vehicles without a license, but they face severe consequences in the event of an accident.
This predicament is entirely avoidable, provided that the professionals responsible for the work are both honest and well-educated. Their commitment to excellence and the company they represent is critical. Opting for a budget-friendly contractor who operates out of their vehicle may seem like a cost-effective choice, but it raises crucial questions. Will they stand by their work? Is the quality of their work commensurate with your expectations and industry standards?
Our commitment is to provide a transparent and honest work environment to meet your commercial and industrial requirements. We understand the importance of adhering to licensing regulations and employing reputable professionals to ensure that your projects are completed to the highest standards, offering both reliability and peace of mind.