TX now gives charging order protection to single-member LLCs
18 feb 2024 ·
58 sec.
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Descrizione
As of September 2023, Texas provides charging order protection to single-member limited liability companies (LLCs). Good news partnership and LLC owners charging order protection just got better in Texas charging...
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As of September 2023, Texas provides charging order protection to single-member limited liability companies (LLCs).
Good news partnership and LLC owners charging order protection just got better in Texas charging order protection can stop creditors of business owners from reaching the businesses assets for example if you are sued for causing a car crash charging order protection may keep the plaintiff from reaching your business assets the plaintiff can only seize distributions the business makes to you Texas provides this protection to LLCs and Partnerships responding to a court ruling that limited charging order protection the Texas legislature has expanded that protection in September 2023 Texas joined a small group of states that provide charging order protection to single member LLCs the other states are Alaska Delaware South Dakota Nevada and Wyoming I'm Daniel van slyke and Aggie attorney licensed in Texas California and Missouri you can find me at iplanlaw.com
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Good news partnership and LLC owners charging order protection just got better in Texas charging order protection can stop creditors of business owners from reaching the businesses assets for example if you are sued for causing a car crash charging order protection may keep the plaintiff from reaching your business assets the plaintiff can only seize distributions the business makes to you Texas provides this protection to LLCs and Partnerships responding to a court ruling that limited charging order protection the Texas legislature has expanded that protection in September 2023 Texas joined a small group of states that provide charging order protection to single member LLCs the other states are Alaska Delaware South Dakota Nevada and Wyoming I'm Daniel van slyke and Aggie attorney licensed in Texas California and Missouri you can find me at iplanlaw.com
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