Legal Question in Business Law in Florida

My father owns a small business in Ohio. It seems there is a problem between him, his company, and the IRS. His lawyer has recommended he transfer all assets of the company into an LLC in my brother and I name. Something about this does not seem right, what kind of risk would I put my family in if I chose to go the route my father is suggesting?


Asked on 4/23/12, 4:32 pm

1 Answer from Attorneys

David Slater David P. Slater, Esq.

Sounds like a fraudulent transfer that will end up in litigation. Need more information.

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Answered on 4/23/12, 5:17 pm


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