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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Limited liability company application Posted by Ward-CA- on December 17, 2003 at 5:56 PM In Reply to: Limited liability company posted by gcastro on December 17, 2003 at 3:44 PM : WArd, I have read that forming an LLC to Buy pre-foreclosures is a good idea becouse it limits your liability. My question today is: Can you enyoy the benefits of that protection if you have your LLC be the Trustee of your Title holding Trusts, when buying, or do you need your LLC to be the beneficiary of the Title holing Trust to enjoy that "Limited liability" protection? : Gonzalo ============ Gonzalo, Yes the LLC is great for limiting your liability. And in the normal situation, an LLC should be acting as the trustee of your title holding trust (THT). Since the beneficiary of a THT is unknown to the outside world there's not much threat to them. But the trustee is in the public spotlight, so that's the position that would benefit being an LLC. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : WArd, I have read that forming an LLC to Buy pre-foreclosures is a good idea becouse it limits your liability. My question today is: Can you enyoy the benefits of that protection if you have your LLC be the Trustee of your Title holding Trusts, when buying, or do you need your LLC to be the beneficiary of the Title holing Trust to enjoy that "Limited liability" protection? : : Gonzalo : ============ : Gonzalo, : Yes the LLC is great for limiting your liability. And in the normal situation, an LLC should be acting as the trustee of your title holding trust (THT). : Since the beneficiary of a THT is unknown to the outside world there's not much threat to them. But the trustee is in the public spotlight, so that's the position that would benefit being an LLC. 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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