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What is a Limited Liability Company (LLC)

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Uploaded by on Jun 17, 2010

Lodmell & Lodmell, P.C. http://www.lodmell.com 800-231-7112 Understanding one of the most common legal entities in use today is critical for Asset Protection. Expert Asset Protection Attorney, Douglass Lodmell, J.D, LL.M. explains how the Limited Liability Company came about as a hybrid of corporate limited liability with the benefits of single taxation. He also explains how the LLC is used to wrap up risky assets in an overall asset protection plan.

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  • Very helpful, when I get into real estate your going to be the guy I call :)

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