Maximizing LLC Asset Protection and Charging Orders - KKOS Lawyers
Maximizing LLC Asset Protection and Charging Orders - KKOS Law…
Jul 3, 2018
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MSNKen McElroy
LLCs work differently because of charging order protection. A creditor can get a charging order against your LLC interest, but that doesn't let them touch the assets inside. They're stuck waiting for distributions that you control. They can't force you to sell the XRP. They can't make the LLC liquidate. They just have a claim on money if and when you decide to distribute it. #assetprotection #lawsuit #xrpcommunity #construction #crypto
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LLC allows trust ownership, provide charging order protection, and prevent forced asset liquidation. S-corp only work for individual-owned operating businesses. Asset holding demands LLCs.#XRP #bitcoin #investing #crypto #usa🇺🇸
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