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Legal Questions
Anonymous8 views2 answers
It appears that you are confused.
A single-member does provide limited-liability protection (assuming that required formalities are addressed appropriately).
The "problem" withe single-member LLCs - one cited frequently by asset-protection geeks - is that if the member has personal liabilities, the member's LLC membership interest can be seized to satisfy the liabilities.
It appears that you are confused.
A single-member does provide limited-liability protection (assuming that required formalities are addressed appropriately).
The "problem" withe single-member LLCs - one cited frequently by asset-protection geeks - is that if the member has personal liabilities, the member's LLC membership interest can be seized to satisfy the liabilities.
You are making an assumption that I do not agree with - that a single member LLC does not providde liablity protection. Further your solution to create a non-voting class of equity is one of the more complicated means of accomplishing you goal. Finally, other than annual minutes, a member who is not a manager will have normally have nothing else to sign.
