Law360, New York (May 2, 2013, 7:08 PM EDT) -- This article will discuss the use of Delaware limited liability companies in the context of wealth and asset protection. Delaware’s well-settled case law, flexibility and debtor protections have made it a jurisdiction of choice for decades. Holding assets in a Delaware LLC and transferring ownership of the LLC to a trust or holding interests in an LLC through another entity are the most effective asset protection strategies short of moving ownership of assets off-shore.
General Overview of Delaware LLCs
In today’s increasingly litigious society, principals should...
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