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Protect the Proceeds of your Company’s Future Sale Now

Sell buttonThe business you’ve been growing is now generating income and making distributions. So it’s not inconceivable that someone (or some people) may want to buy it in the future.

 

But how do you protect what you’ve accumulated until it does sell?  

And after the sale, how do you protect what you receive?
[Read more…]

What’s “Limited” in a Limited Liability Company and Other LLC Questions Answered

moneyMaybe it’s the business protection version of “How much does a pound of feathers weigh?” The clients asked, “If a limited liability company is a great way to protect assets, then why is it limited?”

Great question. [Read more…]

Update on the Billionaire Who Adopted His Girlfriend

An update from our original post.

Remember John Goodman, the Florida billionaire who adopted his 42-year-old girlfriend to shield his assets?  He anticipated that the parents of the boy he killed were going to sue him.  Well . . .

The parents settled with him for $33 million.  And his girlfriend is still his adopted child.  Go figure how this one will untangle. Presumably they’re still dating. [Read more…]

The Man Who Adopted His Girlfriend…An Unbelievable Legal “Strategy”

moneyThe law may not permit or forbid something, but consequences can snare you – or is it divine justice?  Consider: if you could legally adopt your girlfriend, would you really want to?

That was what 48-year-old Florida mogul John Goodman did. You remember him? In February, 2010, after a night of serious drinking, Goodman blew through a stop sign at 63mph and smashed his Bentley into a Hyundai driven by a 23-year-old heading home to his parents’ house. [Read more…]

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