As the southwest Florida area begins preparing for “season,” I would like to take this time to remind anyone starting a new business that single member limited liability companies do not provide their member with any protection from liability. While most states do not make a distinction between single and multi-member LLC’s for purposes of liability, the Florida Supreme Court held in a case out of Miami that corporate creditors can “pierce the veil” of a single member limited liability company and collect from the member.
That said, there are a number of ways to insure that you do receive the liability protection you desire–most of which, do not raise the cost of formation–when forming a new LLC or business. From adding another member to organizing under the laws of a different jurisdiction, we can help you obtain the asset protection and piece of mind that you desire.
To learn more, visit the Wegner Law PLLC website at wegnerlawfirm.com or contact us today (phone: 239 449 9200 or email firstname.lastname@example.org)
Join Wegner Law PLLC and P. Christopher Wegner, Esq., LL.M., on October 31, 2018, at the Naples Business Accelerator for a discussion on how you can protect your assets for yourself and your family.
Chris will discuss using limited liability companies and corporations for simple, yet extremely effective, asset protection as well as more complex techniques utilizing trusts. He will also explain why most Florida attorneys fail to properly set up single member limited liability companies that will protect their clients from liability. More importantly, Chris will tell you a simple way to avoid or correct this mistake and add extremely effective asset protection for you and your family for next to nothing.
The presentation titled CYA: Covering Your Assets. Modern Asset Protection for Entrepreneurs and Business Owners will start at 12:00pm on Wednesday, October 31, 2018 (Halloween), on the second floor of the Naples Business Accelerator Building located at 3510 Kraft Road, Naples, Florida 34015. There is no need to register; however, you should bring your own lunch to this Brown Bag Lunch at the Accelerator presentation.
For more information or questions, you may call Wegner Law PLLC at 239.449.9200 or email Chris at email@example.com.