A year ago I attended a workshop on business. Here are some of the things I learned about law suite entity.

– You want to get a family living partnership. IRS section 704.
– Your partner does not have to be human, so it can include a living trust that can be a partner.
– Set up family limited partnership, and even include your checking/savings account. Also put in your bonds business as well as all other assets.
– Never owned investments, real estate in your own name LG are liable to anything that happens on that land.
– Put all assets under the family limited partnership.
– If the person suing you wins, they get zero of your assets zero of your income and they end up having to pay the taxes of the earnings that they never got see ruling 77 – 137
– Here are the three forms you to fill out to protect yourself in all respects.
– Family limited partnership: protection against lawsuits.
– Living trust: protection against probates.
– C Corporation: provides lower income taxes
– Book: the total asset protection handbook.
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