561-392-1800

Does a small business (subchapter S) corporation give me the same protection as an LLC?

Video Transcript

In almost every instance the protection of an LLC is superior to the protection afforded by an S corp. If you have your assets owned by an LLC, a creditor is limited only to a charging order against your interests. That means that the creditor would obtain the distribution out of the LLC, if one is made. Compare that to an S corp where the creditor can actually take the stock of the debtor. If they take the stock, they can vote the stock, and liquidate the S corp and take the assets out of the S corp.

Back to Asset Protection videos

2500 North Military Trail, Suite 460
Boca Raton, Florida   33431
Phone: 561-392-1800

Newsletter Sign-Up

Join Client Portal

Copyright © 2024 - Huth, Pratt & Milhauser   Site Map   Notices   Web Development & Web Marketing by IWD Marketing

2500 North Military Trail, Ste. 460 Boca Raton, Florida   33431 Phone: 561-392-1800 Directions