Limited liability companies (LLC) have a multitude of uses and benefits. They can be used not only for business planning purposes, but also as estate planning and asset protection tools. Karen Brady & Associates, P.C., can help you create an LLC that accomplishes your specific goals.
For more than 20 years, Karen L. Brady has dedicated her firm to helping businesses and individuals in the Greater Denver, JeffCo and Front Range areas with their estate and business planning needs. As an experienced Colorado business planning attorney, she strives to foster a long-term relationship with our clients and assist them with their changing legal needs for years to come.
The Many Benefits of an LLC
A limited liability company (LLC) allows you to transfer the ownership of certain assets while still maintaining control of them. This offers you multiple benefits, including:
- Business planning: LLCs offer many business planning benefits, including limited compliance requirements, flexibility in management structure and few restrictions.
- Asset protection: Separating high liability assets into an LLC ensures that they do not contaminate your other assets. Additionally, members of the LLC are not personally liable for the debts and liabilities of the LLC. An LLC is an important component of a multi-layered asset protection strategy.
- Estate planning: By transferring some of your assets out of your estate into an LLC, your heirs will reap the benefits of lower estate taxes at the time of your death. Additionally, LLCs offer you gift tax savings.
If you have a family-owned business, you might consider a family limited liability company (FLLC), which allows you to share a certain portion of your business with younger generations or other family members without giving up control. Consult with our lawyer to determine if this option is right for you.
Schedule a Free Consultation With Our Denver Limited Liability Companies Attorney
We can help you determine if an LLC might be a useful tool for you. To schedule a free consultation, contact our firm online or call us toll free at 888-806-7304.