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Updated over 14 years ago on . Most recent reply

Anl Gupta's profile image
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Anl Gupta
  • from CHANDLER, Arizona
  • Member since Mar 29, 2010
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Anl Gupta
  • from CHANDLER, Arizona
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Anl Gupta
  • CHANDLER, AZ
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Goals, Business Plans & Entities

Buying under LLC

Anl Gupta
  • CHANDLER, AZ
Posted

Hi

If I buy under LLC, does the LLC have to be 'Manager' kind to protect ones interest and safeguard from liability.

Do I need to consider putting it on to a trust or something.

Thanks
- Anl

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J Scott
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ModeratorReplied

Anl,

"Manager" refers to the people running the LLC, and oftentimes the managers are one or more of the LLC members (the shareholders).

Probably best to speak with a CPA and attorney to get advice on how best to protect your assets and optimize your specific tax situation.

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