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Monthly Archives

February 2021

Best Corporate Attorney Los Angeles
Feb 16 2021
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Should You Divide Your Umbrella LLC Into Multiple LLCs?

Posted by Posted in Entity Formation & Structure
When someone is managing multiple businesses under one “umbrella” limited liability company, a question that commonly arises is when, if ever, is the appropriate time to divide those businesses into multiple LLCs? Let’s take a look at the common benefits, and potential pitfalls, associated with splitting a multi-business LLC into multiple LLCs. Benefits One of the biggest benefits associated with dividing an LLC used as an umbrella to multiple businesses is that it helps further…
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Best Business Attorney Los Angeles
Feb 16 2021
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Understanding Alter Ego Liability

Posted by Posted in Risk & Asset Protection
As a general rule, shareholders of a corporation are shielded from liability for the debts incurred by the corporate entity. This protection from liability exists because a corporation is treated as a separate, independent, legal entity from its shareholders capable of accruing assets and incurring liabilities. Basically, when you incorporate a business in California or any other jurisdiction, a “corporate veil” will drape over the business that protects you and any other shareholders from being…
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