When property is owned in an individual’s name, that property is subject to the claims of the individual’s creditors. It can be lost through a bad business debt, a medical crises, a negligent injury to others, a divorce, or a bankruptcy. By placing your property in a business ownership structure, such as a Limited Liability Company (“LLC”) or Family Limited Partnerships (“FLP”), you can help protect your rural land from claims made by others.
Braun & Gresham also offers maintenance of existing entities as a service to ensure that our clients’ entities operate properly and in compliance with legal requirements. These related services may include serving as a registered agent, assisting with corporate formalities, and calendaring reminders for entity activities.
Posted in: Risk Management