Thread: LLP? LLC? Help
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Old 04-23-2012, 03:08 AM
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drtalon drtalon is offline
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Join Date: Apr 2011
Location: Raleigh, NC
Posts: 112

IANAL. The lawyers I heard presenting at Atlanta Poly Weekend 2012 suggested trusts are the best way to collectively share assets while protecting the group and its assets from legal action against individual members. Another thing I overheard is that LLC's provide very little protection because it is usually very simple to pierce the corporate veil with LLC's used in such ways.
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