Posted by Laure on July 08, 2000 at 23:46:19:
Look into Bill Bronchick’s Asset Protection material. Well worth the money. You can also ask him questions on his website www.legalwiz.com
Laure
Posted by Laure on July 08, 2000 at 23:46:19:
Look into Bill Bronchick’s Asset Protection material. Well worth the money. You can also ask him questions on his website www.legalwiz.com
Laure
Would the $100k be at risk? - Posted by Rich
Posted by Rich on July 08, 2000 at 19:02:42:
I have a FLP that contains 1 commercial property. The general partner has 1% and is a LLC with my wife and I as members. My wife and I also are the limited partners with the remaining 99%.
The property has $100k in equity. I know I am protected from outside creditors. What would happen if a liability was generated at the commercial property that wasn"t covered by my liability insurance?
Would my equity be at risk? If so, what could be done to protect it?