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Updated about 8 years ago, 10/28/2016
Assest protection and Privacy in Illinois
I am curious how investors in Illinois approach asset protection and privacy protection since an LLC costs $500 as opposed to the $50-$100 in most states. I am aware of the power an Illinois Land Trust provides for privacy, but this is not asset protection. I am also aware that an umbrella insurance policy is my first line of defense. It seems Illinois makes it difficult to create layers of protection. What am I missing?