Archived
What type of (Pennsylvania) entity should I form? LLC, S corp, LLC with S corp status? Member managed or manager managed?
Douglass's answer
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Answered on April 24, 2013
I agree with attorneys Lanard and Brooks. I will elaborate on your liability concerns.
An LLC is an excellent legal tool for owning and...
I am starting an LLC in New Jersey. Can I operate In PA as well. Investing in properties.
Douglass's answer
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Answered on April 24, 2013
You can. You will have the file your NJ LLC as a foreign LLC with the PA Department of State.
However, from an asset protection perspective,...
Archived
What libilities are there for members of an llc?
Douglass's answer
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Answered on April 24, 2013
An LLC is an excellent legal tool for holding (your membership of) a business and to isolate the risks it generates. However it does not protect...
2 locations, 2 different LLC's, or one LLC for both?
Douglass's answer
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Answered on April 23, 2013
I agree with attorney Kornis. An LLC is an efficient legal tool to manage and hold a business. From asset protection perspective, it will isolate...
Archived
Before marrying, how should I protect my assets from my fiancees federal restitutuion? What forms would I have to fill out?
Douglass's answer
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Answered on April 19, 2013
A carefully crafted prenuptial agreement, drafted with the help of separate and independent council for you and your fiancé will certainly help...
How to conceal owner identity in an LLC?
Douglass's answer
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Answered on April 15, 2013
I agree with Attorney Doland. In case of a lawsuit, you can always be forced to disclose ownership.
If asset protection is one of your goals,...
Archived
How can I get Multimember LLC protection for a one man operation in Delaware?
Douglass's answer
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Answered on April 15, 2013
My colleagues already pointed out at that an LLC, even if it is a multi-member LLC, does not offer full protection for its members neither for...
Archived
I bought a building that I'm turning into a store. How should the set up be to protect myself and building?
Douglass's answer
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Answered on April 15, 2013
An LLC is an excellent legal tool to hold and manage investment real estate or a business like a store. From a strictly asset protection...
Archived
How should my taxi company be filed as to limit liabilities and protect personal assets?
Douglass's answer
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Answered on April 15, 2013
An LLC is an excellent legal tool to hold and manage a business. From a strictly asset protection perspective, it isolates the risks generated by...
Is a 541 Trust the best option for asset protection?
Douglass's answer
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Answered on April 10, 2013
As attorney James explains, the trust you mention is a specific legal tool designed by a specific law firm. Therefore, it is unlikely that any...
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