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Some LLC promoters give the impression that all you need to do is set up an LLC and you’ll be safe from any future lawsuits. While an LLC does provide some protection, it doesn’t make you invincible! You can’t rely on an LLC to give you “bulletproof” asset protection.

If you are interested in protecting your property from creditors, you have a lot of options. I can’t write about every option that’s out there, but I’ll talk about a couple common techniques and a general strategy overview. By the way, in this case we are talking about real property as opposed to other types of property.

One of the most common questions we receive is whether you can live in a property owned by an LLC. If you’re talking about your primary residence, there are some issues to think about. Those include taxes, mortgage issues, and whether an LLC would serve any purpose since a primary residence isn’t really a business.

Colin Ley is an asset protection attorney and the creator of the PREP Trust® and Better LLC™. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)

Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you don’t have to worry anymore, happily knowing your family’s future is protected. Get started now by scheduling a free, 30-minute call at livemorecarefree.com.

Colin Ley is an asset protection attorney and the creator of the PREP Trust® and Better LLC™. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)

Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you don’t have to worry anymore, happily knowing your family’s future is protected. Get started now by scheduling a free, 30-minute call at livemorecarefree.com.