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  • Will You Add? - Advantages of a Limited Liability Company

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    is the most efficient way to do business. No assets or business should ever be in their personal name.

    In other words, you should "own no

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    There are many advantages to the limited liability company (LLC) including the financial and tax advantages. Herein we discuss the other specialized uses and benefits to you for possibly implementing the limited liability company in your estate planning and business strategies.

    THE LLC IN ASSET PROTECTION

    First-time business owners were first unincorporated proprietorships. As they began to realize the possible loss of their personal assets or as they started to get in trouble only then did they consider other types of ownerships. The limited liability company is the most efficient way to do business. No assets or business should ever be in their personal name.

    In other words, you should "own not

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    ized uses and benefits to you for possibly implementing the limited liability company in your estate planning and business strategies.

    THE LLC IN ASSET PROTECTION

    First-time business owners were first unincorporated proprietorships. As they began to realize the possible loss of their personal assets or as they started to get in trouble only then did they consider other types of ownerships. The limited liability company is the most efficient way to do business. No assets or business should ever be in their personal name.

    In other words, you should "own no

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    LLC IN ASSET PROTECTION

    First-time business owners were first unincorporated proprietorships. As they began to realize the possible loss of their personal assets or as they started to get in trouble only then did they consider other types of ownerships. The limited liability company is the most efficient way to do business. No assets or business should ever be in their personal name.

    In other words, you should "own no

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    In other words, you should "own no

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    is the most efficient way to do business. No assets or business should ever be in their personal name.

    In other words, you should "own nothing yet control everything-else." Personal creditors cannot step in your shoes to take control of your LLC and your creditor is precluded by law and with unwanted tax consequences. Under the LLC, members cannot be held personally liable.

    Another good asset protection technique to shield your personal and other valuable assets is allowing the limited liability company own a "blanket mortgage" on all your assets - that is, in a sense, you owe money to your LLC. Alternatively, don’t put all you eggs in one basket and have multiple limited liability companies for multi

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