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What if the transfer is for no consideration or nominal consideration?
In the contract you write: "For good and valuable consideration hereby acknowledged, and ten ($10.00), the parties agree as follows:"
For the to be valid it must have consideration. However, if market value is not paid, and this sale is being down to hide assets, etc., a fraudulent transfer claim may be brought.
OK. Technically it has no value as it hasn't yet produced any income (nor is there a reasonable expectation that it would without additional efforts on the part of its owner), and my concern is basically to ensure that the liability protection afforded by the LLC would withstand an 'alter ego' challenge on the basis that the transfer document was invalid.
Yes, so long as the liability arose AFTER the transfer.