LLCs may not offer the protection it used to....
Submitted by Bridget Blevins on Fri, 03/04/2011 - 01:00
If you thought your property was protected because it’s in an LLC, think again. A recent Florida Supreme Court ruling substantially weakens the protection offered by single member LLCs--even those located outside of Florida.
If you, your friends or clients hold property in LLCs, this newest article is a must-read:
New Court Case Weakens LLC Protections
A recent Florida Supreme Court decision has potentially weakened the protection offered real estate investors by Limited Liability Companies (or "LLCs")....
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