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Don Plumley Don Plumley is offline
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Join Date: Jun 2001
Location: Geyserville, CA
Posts: 6,921
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I did a little reading. Apparently, if assets are owned by a properly setup LLC, a creditor cannot force an LLC to sell assets or distribute income. They can have the courts issue a "Charging Order" which only gives them rights to pay taxes on LLC income and potentially be treated as a partner (for tax purposes) in the LLC. Interesting.
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Don Plumley
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memories: 87 911, 96 993, 13 Cayenne
Old 12-23-2007, 10:37 AM
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