Limited Liability Companies
When it comes to investment assets, A Limited Liability Company (LLC) is the entity of choice. It is a pass through entity for tax purposes, because it is either a disregarded entity; taxed like a proprietorship, if it is a single member LLC; or a pass through entity taxed like a partnership, if it is a multi-member LLC. Both the corporation and the LLC provide a shield of liability, which means that claims against the corporation, the LLC, or the assets that are placed in them cannot generally be asserted against the individuals who are the owners of the corporation or the LLC. Thus, their personal assets are protected from these business claims.
Call us to schedule an immediate consultation to discuss these implications on your assets 888.972.3476.
If you are in need of a top-rated California business planning lawyer who provides sound legal guidance on why or how to create a Limited Liability Company, call upon Matsen Voorhees. We are a law firm with superior asset protection experience that will help you in preserving, protecting, and transferring your legacy. Contact us at 888.972.3476 to schedule an appointment.