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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] LLC Posted by gcastro on September 17, 2003 at 9:41 AM Ward, I am selling a property that I own as trustee of a trust, and would like to limit my liability (risk of being sued for "x" reasons, disclosures, etc.) specially when I sell the property. I would like to accomplish this by using an LLC. Here are 3 questions: 1. Would I have the LLC be the Trustee of the Trust of the property and me be the beneficiary? 2. Can your Financial Fitness LLC be the trustee of the trust? 3. If the LLC gets sued , does that mean that your financial Fitness LLC gets sued, and if so isn't that dangerous for you? Follow Ups: Multi-member entities are best in CA Ward-CA- 6:40 PM, 09/17/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, I am selling a property that I own as trustee of a trust, and would like to limit my liability (risk of being sued for "x" reasons, disclosures, etc.) specially when I sell the property. I would like to accomplish this by using an LLC. Here are 3 questions: : 1. Would I have the LLC be the Trustee of the Trust of the property and me be the beneficiary? : 2. Can your Financial Fitness LLC be the trustee of the trust? : 3. If the LLC gets sued , does that mean that your financial Fitness LLC gets sued, and if so isn't that dangerous for you? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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