When You Die, What Happens to your Single-Member LLC?
- Details
- Published: 15 June 2013
This is an intriguing article written by John Cunningham in New Hampshire. In it, a solo practice is told by her accountant that, to protect her personal assets, she should form a single-member LLC. The LLC will protect her personal assets from claims against her business.
Our tax law team has some feedback on this...
This is an intriguing article written by John Cunningham in New Hampshire. In it, a solo practice is told by her accountant that, to protect her personal assets she should form a single-member LLC. The LLC will protect her personal assets from claims against her business.
Our tax law team has some feedback on this. Namely, when you form the LLC, you need to make some decisions- including what happens to the assets when you die. Read the full article by Mr. Cunningham in the New Hampshire Business Review.
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-The Tax Law Team
Rogers, Sheffield & Campbell
