npub1e5…y0ec3 on Nostr: Matty you've said the nigger word and disrespected judea, you need as much legal ...
Matty you've said the nigger word and disrespected judea, you need as much legal protection from reprisal as you can get.
No, you should not just make an LLC, because if you get sued or something goes sideways and you declare bankruptcy, all of the assets are owned by the LLC and they go byebye.
Back to square 0, you own nothing and will be very unhappy.
If you have a holding company- a company that exists to do NOTHING, NOTHING, N O T H I N G but own the assets for your business, your LLC can use those assets (this part is where you need a lawyer to talk to) to do business with and pay your holding company.
If something goes sideways or you get sued, the LLC can go bankrupt and all you lose is the LLC and the payout money, retaining the assets because they are NOT OWNED by the LLC.
Back to square 1 (or 2 or whatever), you can make another LLC and set up the same asset utilization the same week.
The trust part is just to further insulate you from legal action and anonymize yourself, as well as making sure no fuckery happens during inheritance time, etc.
No, you should not just make an LLC, because if you get sued or something goes sideways and you declare bankruptcy, all of the assets are owned by the LLC and they go byebye.
Back to square 0, you own nothing and will be very unhappy.
If you have a holding company- a company that exists to do NOTHING, NOTHING, N O T H I N G but own the assets for your business, your LLC can use those assets (this part is where you need a lawyer to talk to) to do business with and pay your holding company.
If something goes sideways or you get sued, the LLC can go bankrupt and all you lose is the LLC and the payout money, retaining the assets because they are NOT OWNED by the LLC.
Back to square 1 (or 2 or whatever), you can make another LLC and set up the same asset utilization the same week.
The trust part is just to further insulate you from legal action and anonymize yourself, as well as making sure no fuckery happens during inheritance time, etc.