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What is the best way to hold title in a llc, own by individuals

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or a trust and a...
What is the best way to hold title in a llc, own by individuals or a trust and a corporation?
Submitted: 6 years ago.Category: Tax
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7/4/2011
Tax Professional: Richard, Tax Attorney replied 6 years ago
Richard
Richard, Tax Attorney
Category: Tax
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Good morning. The LLC is a limited liability entity and protect all members, regardless of whether they are individuals, trusts, or corporations, from personal liability. Having the membership interests owned by another limited liability entity, such as a trust or a corporation, is simply one more layer of limited liability, but it doesn't add anything.

 

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

Richard
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