Posts Tagged ‘Asset Protection’
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 MoreJurisdictional Diversification
Jurisdictional Diversification Jurisdictional Diversification is a reality for most people whether they know it or not. If you have family members or property or business interests in more than one place, you are dealing with more than one jurisdiction. Most of the time, such jurisdictional diversification happens by accident. We just go where we go…
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…
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