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Taxation & Estate Planning

: California Tax Attorney Blog

No Charging Order Protection For Single Member LLCs

By californiataxattorneyblog-1

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Limited liability companies or "LLCs" have long been hyped as "the" entity for investors and business owners alike because it can combine asset protection qualities and tax benefits of corporations and partnerships into a single hybrid entity. An asset-protection selling point for LLCs is that they are entitled to the same "charging order" creditor protection partnerships are entitled to. In Florida, a recent court case changes this.

Full post as published by California Tax Attorney Blog on July 12, 2010 (boomark / email).

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