Asset Protection and Privacy in Southern Illinois
I am curious how investors in Southern Illinois approach asset protection and privacy protection, specifically for a partnership. I've hear that most buy and hold investors use an LLC, however the cost of an LLC is much higher than most states. One opinion I've heard is that a C-Corp is the better than an LLC in Illinois. I am aware of the power an Illinois Land Trust provides for privacy, but this is not asset protection. I also understand that an umbrella insurance policy is my first line of defense. Any thoughts?