Limited Liability Companies (LLCs) provide an easy opportunity to protect investment assets such as real estate, equipment, rental properties, and other assets held for business or investment. Although some may try and stretch the asset protection benefits to personally used assets such as residence and vehicles, these arrangements are very vulnerable to being set aside by a Court (i.e., not effective).
Many find it tempting to do-it-yourself directly with Secretary of State; however, you only have a shell of an entity unless you also have an Operating Agreement drafted for the entity. Note, for personal service companies, an S-corporation is generally the preferred entity.
Bryson Law Firm, P.C., Suwanee, Georgia. Attorney Richard Bryson has over 20 years of experience with investment entities, elder law, estate planning, probate, wills and trusts, tax planning, tax dispute resolution, asset protection, personal injury, business formation and governance, real estate transactions, and Medicaid and VA planning. Contact our Gwinnett County law firm at 404-909-8842 or firstname.lastname@example.org.
The information on this website is not legal advice and is intended for informational purposes only. You should not act or rely on information on this website without consulting an attorney for legal advice regarding your individual situation. Our firm enters into an attorney-client relationship by written fee agreement or an express verbal fee agreement. An attorney-client relationship is not established by visiting this website or by sending or receiving any information from this site.