Manager-managed Single Member LLC
I have few single member LLC with member-managed type. I set up as single member so that it can be disregarded as far as tax purposes.
Recently, an accountant told me that manager-managed LLC is better for protection in a case of charging order. I would like to ask for second opinion on this. I am not sure if it worth the effort to change all of them to manager-managed LLC. Thx.
Most of my LLC are in AZ. One in FL and one in TX.
I believe this change does not make any different as far as tax. The entity is disregarded on both cases.[ Edited by ew86 on Date 08/23/2006 ]
You need to gete a local attorney to the area where the house is located. Hopefully somone on this Board who has units there can provide you with a referral.
Well, if anyone does have a referral, pls let me know. The property is in Rochester.
Do not get married. Problem solved
A Prenuptial Agreement will solve you are trying to do.
Here is a link that will help you understand what needs to be done.
http://www.bankrate.com/brm/prenup.asp
John $Cash$ Locke
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