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re: Changing the name of my LLC (or starting new one) vs. doing a DBA
Posted on 10/21/12 at 9:41 am to MikeBRLA
Posted on 10/21/12 at 9:41 am to MikeBRLA
quote:We professionals refer to it as asset protection. LLC's are typically used to segregate assets into separate risk pools. Typically this is done using a separate LLC for each separate investment, or for a targeted dollar value for a group of smaller investments.
Spreads the liability out. If one gets sued and goes bankrupt the others live on.
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