From an asset protection perspective, a pool is an additional liability to a typical “risky asset” such as a rental property. As my colleagues...

Ihave4rentalproperties.ShouldIformandLLCorsometypeofprotection.

I recommend separate LLC’s to hold your rental properties. If the total equity you have in your rental properties is not higher than 250k you may...

What is the best legal entity for a small rental investment property ? LL or LL with C or S Corp election ?

I agree with my colleagues. An LLC is an excellent tool to own and manage real estate. From asset protection perspective, though, note that an...

Should our house & rental property be titled to the trust?

I agree with attorneys Herman-Giddens and Woods. In order to give an accurate answer, more information is needed: are we talking about a primary...

Does have an Operating Agreement automatically protect your personal assets?

I agree with my colleagues. As my colleagues already pointed out, a detailed and well written Operating Agreement will not protect your personal...

Anyone out there that can answer some LL C business start up questions ? in the next few minutes

I agree with my colleagues. An LLC is an excellent tool to manage a business and to isolate the risk it generates. However, it will not protect you...

Can I form an L . L . C on line first and obtain an operating agreement later ?

The answer is "No" to answer 1 and "yes" to question 2. Question is whether it is a good idea. A lot of (business , family law, estate...

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My relative has three sole proprietorship companies A, B and C. Could he change C to a parent company of A and B?

What does you relative seek to achieve by putting the proprietorship of A and B in Company C? If the main purpose is avoiding or reducing...

What happens if I get sued for more money then my liability insurance covers?

More information is required to give an accurate answer (Have you been notified? Are we talking about an existing issue? Are you an employee? Do...

If I open a Limited Liability Company, am I responsible as individual ?

I fully agree with attorney Wartan. An LLC is an excellent legal tool to isolate the risk generated by a business. However, it does not protect you...