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Some LLCs No Longer Safe Haven for Assets

Quoted in the recent DBR article, Some LLCs No Longer Safe Haven for Assets:

…Ed Arista said he will continue to alert his clients to change the structure of their holding entities, by [for example] adding another person to the LLC… “But that has to be done very carefully. Once you bring in a second member you need a solid co-ownership agreement and there are lots of operating agreements that create loopholes.”