Forming an LLC is not a one-and-done situation where simply because you filed a piece of paper with the Secretary of State, you will be absolved of any and all liability that may come you or your business's way. Ongoing maintenance of the company and corporate formalities are absolutely crucial in actually helping to protect your business and personal assets. One way I like to explain this to my clients is that an LLC does not protect your assets, but merely provides you with the opportunity to do so. It is your actions and management of your business that will provide the protections you are looking for in an LLC.