Legal Question in Business Law in Florida

Forming a LLC to protect other assets

Forming a new LLC#2 for a purchase of a 1 million dollar Building with the same members as another LLC#1.

Will this protect the building, (now with a 1.5 million value), if there is a lawsuit pursued against LLC#1?


Asked on 3/05/08, 8:45 am

2 Answers from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Forming a LLC to protect other assets

It should. Must be careful to keep each corporation's affairs and records separate.

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Answered on 3/05/08, 1:05 pm
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Forming a LLC to protect other assets

It should. Must be careful to keep each corporation's affairs and records separate.

Read more
Answered on 3/05/08, 1:05 pm


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