LLC
Member Managed LLC’s are a Bad Idea
Is a Member Managed LLC a Good Idea or a Bad Idea? With rare exceptions, Member Managed LLC’s are a bad idea. In spite of this, the most common form of LLC structure is Member Managed. Sadly, almost all CPA’s and even some attorneys have no idea that a Member Managed LLC fails to accomplish…
Read MoreFraudulent Conveyance
What is a Fraudulent Conveyance? First, a fraudulent conveyance has nothing to do with “fraud” per se. A fraudulent conveyance is an asset transfer that is voidable. In other words, the transfer can be undone or clawed back in order to satisfy a creditor’s claim. “Clawing back” a transaction is like pulling a nail out…
Read MoreNaked LLC
Imagine that you must appear in public. You go to your closet. There is nothing there. You will be on display for the whole world to seem completely naked. What is a Naked LLC? Going out in public naked is what it is like to operate a business in a “naked LLC”. You are completely…
Read MoreLLC – Legal Services
Limited Liability Company (LLC) With rare exceptions, when we form an LLC, we prepare complete documentation as needed for the LLC to operate, function, and carry out its intended purposes. The exact structure of the LLC will be shown on your custom Legal Architectural Diagram. Forming an LLC – Legal Services will generally include the…
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