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LLC Formation, and the steps needed to take to secure your business assets...PLEASE HELP!!!
by alonewesit, Window Shopper
- Created: March 11, 2013, 11:03 am
I am in the process of getting my company off the ground. I currently live in
Michigan and in Michigan veterans do not have to pay any fee's for forming an
LLC. Now about me, I just returned home from being deployed overseas almost 2
years ago. Soon as I returned home I had my wedding. Now after being married
for coming up on two years I am getting ready to start my business that I
have had for a long time "Officially". (Before it was just my idea and I
worked on it here or there, but now I am actually getting it ready to be
real) The past 2 years of marriage have been tough, which is scary being that
its been rough and it has only been 2 years. I am not currently in any way
shape or form getting ready for a divorce and I still love my wife very much.
However at the same time, I want to protect my business since I have been
putting a lot of work into it for a very long time. So my main question is, I
know that by forming an LLC it seperates myself from the business to protect
me in times of distress (being sued, mal practice..etcc whatever bad things
happen like that) so I do not lose everything. I want to know what steps I
need to take so that my business is not only protected from the things
mentioned above, but that my business assets are protected if I ever have a
divorce. I Do not want to someday get a divorce and have my spouse attempt to
take half of my company.
I know forming the LLC is the first step since it is too late for a
Pre-nuptial aggrement. I still want to be the sole owner and manager of my
business, I just want the LLC so my business assets are protected. and so
things like My computers and other things used for my business are protected
and will not be used in determing what is equal between our property.
Thank you
SBA Community

BizResearcher | Window Shopper | 3/12/2013 - 11:25 am
1-person LLCs need one), so getting him/her involved now is to your
advantage. Be certain that you do not "pierce the veil" of protection by
purchasing things like computers and printers with joint funds. Everything
owned by the business needs to be purchased with business funds.
JGabriel | Community Moderator | 3/12/2013 - 11:19 am
Logan Smith | Window Shopper | 3/11/2013 - 7:10 pm
accountant that specializes in LLC formation. I know that this is probably
not what you want to hear, but they will guide you through the process
legally. This will allow you to protect as many assets as possible without
breaking any laws. Good Luck!
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