Asset Protection

[Jabbed]

We’re getting an au pair and she will be driving a car that I own. I will be paying for the insurance. I’m assuming that she will crash my car at some point.

1. Does setting up an LLC and registering the LLC as the owner of the vehicle do anything to limit my personal liability? Do I list my home address as the company address?
2. How does insuring the vehicle work? I ideally wouldn’t want to have her under my plan. If this is a “company vehicle” can we have multiple registered drivers with different insurances?

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[RustedFox]

An au pair?

Jeeezus.
The Richie Rich-es on here.

 

[Dr Mantis Toboggan]

An au pair?

Jeeezus.
The Richie Rich-es on here.

Dude, no. From what I know an au pair costs like 7k a year. Cheaper than daycare by far, let alone a nanny.

EDIT: not that cheap. But pretty freaking cheap.

Au Pair Costs - How Much Does It Cost to Hire? | Go Au Pair

How much does an Au Pair cost? ✓ Learn about our Au Pair program average costs including an agency fee, stipend, & a one-time education contribution!

www.goaupair.com

 

[RustedFox]

Dude, no. From what I know an au pair costs like 7k a year. Cheaper than daycare by far, let alone a nanny.

EDIT: not that cheap. But pretty freaking cheap.

Au Pair Costs - How Much Does It Cost to Hire? | Go Au Pair

How much does an Au Pair cost? ✓ Learn about our Au Pair program average costs including an agency fee, stipend, & a one-time education contribution!

www.goaupair.com

Well, forgive my coal-country ass.

I figured a live-in helper charged with assisting with the kids can't come cheap.

I mean, can't you just hit your own kids like my parents did?

 

[cyanide12345678]

Dude, no. From what I know an au pair costs like 7k a year. Cheaper than daycare by far, let alone a nanny.

EDIT: not that cheap. But pretty freaking cheap.

Au Pair Costs - How Much Does It Cost to Hire? | Go Au Pair

How much does an Au Pair cost? ✓ Learn about our Au Pair program average costs including an agency fee, stipend, & a one-time education contribution!

www.goaupair.com

There are some added costs that you have to pay the agency but agreed it is significantly cheaper than having a full time nanny working 40hours a week for $20/hr. And man it is hard to find an experienced nanny for even $20/hr. Care.com has experienced nannies charging 25-35 per hour.

 

[Dr Mantis Toboggan]

Well, forgive my coal-country ass.

I figured a live-in helper charged with assisting with the kids can't come cheap.

I mean, can't you just hit your own kids like my parents did?

I was stunned as well. My wife wouldn’t even entertain the idea. Wonder why… 🤔