Manager-managed Single Member LLC

I have few single member LLC with member-managed type. I set up as single member so that it can be disregarded as far as tax purposes.



Recently, an accountant told me that manager-managed LLC is better for protection in a case of charging order. I would like to ask for second opinion on this. I am not sure if it worth the effort to change all of them to manager-managed LLC. Thx.

Comments(5)

  • ew8623rd August, 2006

    Most of my LLC are in AZ. One in FL and one in TX.

    I believe this change does not make any different as far as tax. The entity is disregarded on both cases.[ Edited by ew86 on Date 08/23/2006 ]

  • finniganps24th August, 2006

    You need to gete a local attorney to the area where the house is located. Hopefully somone on this Board who has units there can provide you with a referral.

  • anj113025th August, 2006

    Well, if anyone does have a referral, pls let me know. The property is in Rochester.

  • InActive_Account26th August, 2006

    Do not get married. Problem solved

  • JohnLocke26th August, 2006

    A Prenuptial Agreement will solve you are trying to do.

    Here is a link that will help you understand what needs to be done.

    http://www.bankrate.com/brm/prenup.asp

    John $Cash$ Locke
    [addsig]

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