body: I am working on some software for a business I want too open. I want to try my best at creating my own terms of use until I get enough money too hire a lawyer to help me through all the legal stuff. 
  
  
  If my business got sued and it lost, am I personally responsible for the assets? Is there a chance I could go to jail? Of course I don't want to be sued and I don't think I'll be sued but I want to know the worst case scenario. Is it that my business goes under or that I may have to pay out of pocket ect. 
  
  
  This business will be a website that 
  
  
  * allows people to post videos and charge money for them
  * The business will take a certain percent of the money
  
  
  I plan to do everything on my own and do not want to include anyone in this business. I live in Michigan, United States. 
  
  
  
title: Is there personal liability when a business gets sued?