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"Asset protection", is a much oversold scare tactic, used to sell seminars to inexperienced people such as you. In your position, i.e. just starting into a small business venture, the last thing you need to think about is protecting a few meagre assets from imaginary lawsuits. There's no point in spending a lot of money to set up business entities that you're probably not going to need. If you want more information on the subject, then just accept my offer of additional service. It will be more expensive than you offered here, but it will pay off in the near-term future.
What do you think people are going to sue you for, Mark? I have been a litigator for over 50 years, and I have failed to see any case where someone got sued yy someone they'd never heard of. Regardless of your current net worth, I stand by my statement that creating LLCs to hold title to your individual assets, is a waste of time and money. LLC's, and corporations are individually tailored to business enterprises in order to prevent exactly the situation that you are concerned about. Putting your car, your home, or a stereo into separate LLCs evidences some extreme form of paranoia. A businessman Shields himself from personal liability by structuring his businesses in such a way that he is protected, and conducting business in such a way that litigation is avoided. Bot***** *****ne though is that LLCs are very easy to form in your state. You simply go online to the Connecticut Secretary of State's office, fill in the forms, pay the fees, and get your LLC certificate. http://www.ct.gov/sots/cwp/view.asp?a=3177&q=472426#llc After you obtain the certificates, you transfer whatever titles you have into the LLC names.
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