Quote:
Originally Posted by Papa_lecki
Put the cart into an LLC, that’s only asset is the cart. Insure through the LLC.
Have the renter rent the golf cart from the LLC.
Now, this will be expensive, the LLC will need to be set up and there are annual filing requirements/fees for the LLC.
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Maybe. But, an LLC, limited liability company (not a corporation), will not always ensure liability protection to the owner who sets one up. The owner will often be sued anyway because an LLC is not much more than a name registration with the state. If that would work, why not put your house, your car, and other assets into an LLC, and avoid all personal lawsuits?