Lyle Moran, of The Daily Transcript, recently wrote an article reviewing the ways CGS3 attorneys advise on how to “bulletproof LLCs” in order to avoid mistakes and fend off lawsuits.
He stated, “The use of limited liability companies remains prevalent among real estate professionals, who often use LLCs to hold title to investment properties. But when the real estate market heats up, the speed of transactions can cause mistakes in setting up and operating LLCs. The miscues can prompt legal challenges from creditors in an attempt to pierce the veil of a limited liability company so its members can be held personally liable, according to attorneys from Crosbie Gliner Schiffman Southard & Swanson LLP.”
Based on a recently hosted event as a part of CGS3’s “Building Innovation” series, the article provides an overview of common errors made when creating and operating an LLC. Read the full article here.
Article written by Lyle Morgan and published Monday, August 10, 2015 in The Daily Transcript.