Llc

An LLC is an excellent legal tool for holding and managing investment real estate and to isolate the risks the property might generate. However,...

Is it feasible to protect asset in this way?

I agree with attorney Potter. Transferring assets to family members is not asset protection planning. For a potential plaintiff’s attorney, it...

What should I do after we found out from an asset investigator that there is a civil case filed against us?

I agree with Morcroft. All the information you provide points to a scam. As my colleague advised, do not provide any information on your assets to...

My family has an Limited Liability Company, we own and manage our real estate. The managing manager is filing bankruptcy, Chap 7

My colleagues give sound advice. From an asset protection perspective, I would recommend you strongly to add a layer of protection to your existing...

Can a manager or member of an LLC investing in real estate in California be held personally liable for the actions of the LLC?

An LLC is an excellent legal tool for owning and managing investment real estate and to isolate the risk it generates. However, it does not protect...

Transferring personal properties to LLC

I agree with attorneys Doland and Natoli. You need to be extremely careful at this point, as any transfer of assets may be regarded by a judge as...

I'm planning to form an LLC with my two children as partners, what are advantages/ disadvantages in making them as my partners?

A revocable living trust an estate planning tool that is usually set up for inheritance planning purposes. It will not protect you, neither the...

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What is the best option to move a LLC.

I am afraid that there is too little information for an attorney to provide a meaningful answer. 1. What is the purpose of the existing LLC...

I agree with attorneys Rauman and Dolan. It is possible. Whether it is a good idea from an asset protection perspective is another question....

I live in the State of WA, but I want to buy property in Illinios and Iowa under an LCC. Do i have to set up 2 seperate LLC's?

I agree with attorney Visser. From a conservative perspective, I recommend to use separate LLC’s. When only using one LLC, both properties held by...