beware of the single member llc

postmanwatching

Active Member
Warning: Single Member LLCs Lack Asset Protection if the Member Files for Bankruptcy
One of the primary reasons to form an Arizona limited liability company is to shield the members from the debts and obligations of the company. If formed and operated properly (i.e. the company complies with applicable laws), the Arizona LLC should protect the members from the company’s financial problems. This member protection applies to protect the members from a type of creditor I call the bottom up creditor.
maybe that's why subcool put tga will as a member on subcool the dank?

https://www.keytlaw.com/azllclaw/asset-protection/single-member-llc/
 
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