SHELF CORPORATION 8 YEARS OLD, $1995.
REQUEST LIST HERE.
LLC OPERATING AGREEMENT
LLC's and their operating agreements are NOT created
equal. Most of them don't take advantage of the benefits
designed for the client because the incorporators, and business
consultants, are not well informed.
Q: Which is
better... Manager-managed? Member-managed?
Charging order protection secures assets
from hostile creditor threats.
The charging order
protection is what triggers the hostile creditor to be liable for
an income tax BEFORE collecting on your assets.
is called "phantom income," and it's successfully restricts the
assets from the hostile creditor ONLY when the LLC is
Q: Why do most
the charging order protection?
They don't want to confuse you.
They know you're most likely
deciding between a C Corporation and an LLC. They don't want
to lose the sale and have you walking away scratching your head.
So, they don't mention it. They prefer to limit your choices
and make the decision simple stupid.
Our clients seek to learn
and do more, and that's why they come to us in the first place.
state of choice means a great deal
because it determines the security of the charging order. A Nevada
LLC or a Wyoming LLC is extremely secure in terms of the charging
The operating agreement
determines what everyone can and cannot do (manager, members,
and LLC), and how it's done.
The operating agreement
provides choices and restrictions unto the Manager, the members
and the creditors.
Problem: Most LLC's
are written in very general form. They
try to be everything for everyone. How do we know this? Because
99% of all incorporators use the same operating agreements time and
time again. It's a broken record. And although this objective is
noble in theory, it leaves clients at a disadvantage. Most
incorporators are too lazy to draft an original operating agreement.
A: LLCs intended for
asset protection must be designed for that purpose from the ground
up. And since many asset
protection planners are glorified incorporators, they aren't
prepared to get the job done right the first time. It's easier
for them to just copy another person's operating agreement.
operating agreement was drafted by a CPA/Attorney for the purpose of
asset protection and limited liability. Compare that to the
run-of-the-mill LLCs that you buy on the internet.
OPERATING AGREEMENT DRAFTED BY A CPA, TAX
operating agreement drafted for asset protection. Possess
an operating agreement, for an LLC, that offers the utmost asset
protection and charging order protection.