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Arizona Estate Litigation Legal Questions

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1 legal question has been posted about estate litigation by real users in Arizona. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include trusts and estates, powers of attorney, and charitable giving. All topics and other states can be accessed in the dropdowns below.
Arizona Estate Litigation Questions & Legal Answers
Do you have any Arizona Estate Litigation questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 1 previously answered Arizona Estate Litigation questions.
Estate Litigation
Arizona

Recent Legal Answers

Investments & Legal Protection (LLC)

Answered 10 years and 3 months ago by Mr Andrew Holter Barbour (Unclaimed Profile)   |   1 Answer
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Single-member LLCs are generally ignored for tax purposes--you would report its income on your 1040. Other than taxes, the biggest risk of liability for a brokerage account would be if you are trading on margin. I doubt the brokerage would approve you for margin trading unless the LLC had substantial assets in reserve. If you faced bankruptcy in the future,your interest in the LLC would likely have to go to the trustee for distribution to creditors. If the LLC were sued directly, it's possible they would be able to pierce the corporate veil and make you personally liable.  Most likely you would be better off setting up a trust. Get in touch with an experienced trusts attorney to talk about your options.... Read Answer
Single-member LLCs are generally ignored for tax purposes--you would report its income on your 1040. Other than taxes, the biggest risk of liability... Read Answer

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