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Tax, SDIRAs & Cost Segregation

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Thomas Shephard
  • Orlando, FL
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Personal Asset Protection

Thomas Shephard
  • Orlando, FL
Posted Mar 20 2014, 16:58

I understand creating an entity (LLC, etc.) for a flipping business to protect your personal assets from potential issues that arise on a property flip.

But my understanding is that if someone gets a judgment against me personally that all of my assets including LLCs are subject to that claim.

I already have a $5 million personal umbrella policy. Are there any other steps someone can suggest to add additional asset protection? Thank you!!

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