How to Use Limited Liability Companies and Limited Partnerships: Getting the Most Out of Your Legal Structure

Protect your assets from attack! LLCs and LPs offer benefits - and pitfalls. Learn how to do it right. How to Use Limited Liability Companies and Limited Partnerships clearly explains the key asset protection strategies available to entrepreneurs and real estate investors using the right entities. This fourth edition of Garrett Sutton's best-selling book has been completely updated to reflect important changes affecting limited liability companies. Asset protection is a dynamic area of the law, and this new edition sets forth the strongest and most useful tactics for protecting businesses, real estate, intellectual property, and paper assets. As well, the importance of following the formalities to avoid a sudden loss of protection is lucidly set forth for the listener's great benefit. Listeners will learn how to: Select the right entity for your specific use Follow the rules to keep your assets protected Easily manage and operate an LLC or an LP Strategically use entities to hold real estate and other assets