A few years back I had my personal checking account frozen by a lien holder. I was told that if I opened up a business account, lien holders could not touch it. Is this true?
That depends on if the business account is in your name as a sole proprietor. If so, it will be just as exposed as a personal account in your name. On the other hand, if the business is a separate entity, such as an LLC or corporation, its assets aren't at risk for your personal obligations. If, however, the business entity has delinquent obligations of its own, its account would be subject to attachment by creditors.
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That depends on if the business account is in your name as a sole proprietor. If so, it will be just as exposed as a personal account in your name. On the other hand, if the business is a separate entity, such as an LLC or corporation, its assets aren't at risk for your personal obligations. If, however, the business entity has delinquent obligations of its own, its account would be subject to attachment by creditors.
