Are You Incorporated?

[KentT]

</font><font color="blue" class="small">( Man this could get confusing...

I am setting up an appointment with an attorney in a couple of weeks on another matter (right-of-way to a land locked piece of property) and will talk with them about this.

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The difference is that you want the LLC to own the property -- so if someone sues the LLC, they could attach/get the property. In my case, the LLC owns very little (computer, office equipment, etc.), so that is all that is at risk...

 

[cowboydoc]

Yes it is confusing. And even then they can still sue you. Anymore that's about all it takes to get a settlement. It costs so much to fight anything that a lawyer can cry wolf and they will get $20-100k just to go away because it would cost that much from the insurance company just to get to court much less fight it. /forums/images/graemlins/frown.gif It's a sad state of affairs we live in for sure. Not much honor left I'm afraid.

 

[ScottAR]

Investigate C corps and Limited Partnerships... Nearly bombproof but some hurdles/stipulations...