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Old 10-16-2009, 09:34 AM
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Cheapest and fastest state for LLC

What is the cheapest and fastest location to establish an LLC? Do I need to be a resident of a state to establish an LLC there? What state and LLC type provides maximum protection of personal property from failure of the business?
  #2  
Old 10-16-2009, 09:39 AM
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You can not use a LLC for fraudulent activities. We can't help you break the law here. Keep your inquiries about your RE scams in the other thread.
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  #3  
Old 10-16-2009, 09:51 AM
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Why is this fraudulent? I am simply trying to protect myself from a thrid party -- in this case, the timeshare resort company. Isn't that the basis of an LLC? "Limited Liability"

Let's put the question another way? If I didn't own a timeshare today but wanted to buy one as an investment, would it be advisable to purchase a timeshare via an LLC to protect myself in the event that I am not able to pay the maint. fees in the future?

Timeshares are selling for $0.01. If I wanted to bundle several timeshares to resell. Would it be advisable to do this under an LLC? Would that protect me from personal liability if I we not able to find a buyer for the bundle of timeshares?
  #4  
Old 10-16-2009, 10:04 AM
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Join Date: Oct 2009
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OK. I got it. Good explanation at:

[url]http://www.abanet.org/rppt/publications/edirt/2002/2002-2/art-murray.pdf[/url]
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