Archive for July 6th, 2007

The nuts and bolts of a trust are a legal and binding contractual obligation created between two parties enforceable by law to all parties. Generally, the owner or possessor of valuable assets wishes to legally empower another person to control his assets for a specific purpose.

The concept of trusts dates back to the medieval crusades whereby wealthy land owners would lead his serfs to battle, in far away lands, taking a number of years to get there and a number of years (more…)

The limited liability company (aka L.L.C. or LLC) is the strongest asset protection devise for your business replacing the sub chapter “S” corporation. The LLC offers limited liability to the owners of a business and, additionally, the limited liability company is approved in all 50 states.

The LLC is similar to a corporation and sometimes has been mistakenly referred as the limited liability corporation. In the LLC, the individuals are called members and the LLC is most (more…)