Legal Question in Business Law in Colorado

How to create a holding company for assets part II

I previously asked about a holding company to protect our assets. As advised by LawGuru, both companies are LLCs and everything is separated, I guess the real question is how do we protect our assets from any suit? We received a substantial inheritance when a parent passed away this year and have invested it into the house and the businesses but need to know how to protect the remainder.


Asked on 11/18/08, 1:40 pm

1 Answer from Attorneys
Robert Murillo Pivotal Legal Ltd.

Re: How to create a holding company for assets part II

You really need to speak with an attorney. The best manner on how to protect your assets will depend on the nature of your business, the assets, your goals, your potential liability and other issues. It is not something that can be answered without a careful review of your circumstances.

Depending on the circumstances, various trusts, offshore entities and other strategies may be appropriate. Additionally, you need to consider estate strategies concurrently with any asset protection which may include FLPs or other entity strateiges.

Contact an attorney to advise you.

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Answered on 11/18/08, 2:14 pm


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