Archived
My son has an LLC that owns a house in Powersite, MO. The tenent is several months past due on rent. How do we get her evicted
Douglass's answer
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Answered on January 08, 2013
The basic provisions in the contract should be clear about rent due date and grace period (if any).
Without a court order you can not evict a...
Archived
Will forming an llc give me the same protection as liability insurance will?
Douglass's answer
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Answered on January 08, 2013
I agree with my colleagues. A Limited Liability Company (LLC) is an excellent legal tool for isolating the risk generated by a business. However,...
Need to hide my ownership in real estate
Douglass's answer
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Answered on January 06, 2013
In order to give an accurate answer to your question, it may be relevant to know what your main goal (tax planning? inheritance planning? asset...
Archived
How do we protect ourselves against lawsuits
Douglass's answer
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Answered on January 05, 2013
A sound and legitimate asset protection plan is tax neutral and does not compromise ownership or control. With a six digit net worth, your planning...
Archived
Estate holdings moved to LLC. Do I NEED to have LLC check acct for rental/payables or can still us estate checking? New York
Douglass's answer
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Answered on January 04, 2013
Congratulations. You are planning ahead. If you set up an LLC to hold real estate, this LLC should hold a checking accounts that exclusively...
Archived
I need a international probate attorney that will know uk law because my partner is over there and inheriting 1.3 million and I
Douglass's answer
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Answered on January 04, 2013
I am afraid this sounds like an internet scam. The legal professional who deals with probate in the UK is called a solicitor. You should be able to...
Ways to Protect Assets from a Civil Judgment
Douglass's answer
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Answered on January 03, 2013
IIt is impossible to provide an accurate answer without all the elements (Details and circumstances of the potential civil lawsuit, the amount of...
Archived
Will an LLC protect us against non-financial related lawsuits? (venture)
Douglass's answer
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Answered on January 03, 2013
I totally agree with Attorney Greffen. From an asset protection perspective, an LLC is an efficient instrument for isolating the risks generated by...
Archived
If I form a single member LLC to manage my property and then do all the maintenance work myself, would that void the LLC ?
Douglass's answer
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Answered on January 03, 2013
Mr. Casebolt gives sound advice. An LLC is an excellent legal to manage an investment ´property and to isolate the risk it generates. However, it...
Archived
For a solo medical practice will incorporation provide asset protection over and above the protections of malpractice insurance?
Douglass's answer
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Answered on January 02, 2013
As my colleagues already pointed out, incorporation will not protect you from lawsuits by patients, (ex)-employees (they are the biggest source of...
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