Personal acts include things like a divorce, lawsuit from an auto accident (donkey cart back then), bankruptcy, lavish living, or any one of a thousand other acts. If one partner got in trouble, his or her partnership interest would be taken by their creditor, and suddenly, the other partners had a new partner – an unfriendly partner.
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Posts Tagged limited liability company llc
Free LLC Operating Agreement
If you are starting a business, one of most important things you'll want is PROTECTION! The LLC is by far the BEST asset protection vehicle for your business and can SAVE you THOUSANDS per year in taxes.
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