Offshore Trust / Offshore LLC Combination: Significant Improvement Over Partnership / Trust Structure

Volume X, Number 1 - April / May 2001 © Donlevy-Rosen & Rosen, P.A. Click for full sized image INTRODUCTION.  Many of our newsletter issues and articles have described an effective asset protection plan utilizing a U.S. limited partnership in combination with an offshore trust (“LP/TRUST PLAN”). In this issue, we discuss an additional, and [...]

Limited Liability Companies: Ready for Prime Time?

Limited liability companies are being utilized more and more as one state after another adopts a version of a limited liability company statute. A Uniform Limited Liability Company Act was proposed in August, 1994, but as of this writing, no state has adopted it.