“Thought for the Day” #776 – by Stephen R. Elville, J.D., LL.M.

August 5, 2016

Not all LLCs (Limited Liability Companies) are created equal. Being creatures of state law, the asset protection features of LLCs vary depending on jurisdiction, as do state taxation, privacy, and other considerations relating to business and estate planning. If you have not revisited your LLC since it’s formation, you may be missing enhanced planning and protection opportunities as states compete for LLC business.