Legal Question in Business Law in Florida
My father owns a small business in Ohio. It seems there is a problem between him, his company, and the IRS. His lawyer has recommended he transfer all assets of the company into an LLC in my brother and I name. Something about this does not seem right, what kind of risk would I put my family in if I chose to go the route my father is suggesting?
Asked on 4/23/12, 4:32 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Sounds like a fraudulent transfer that will end up in litigation. Need more information.
Answered on 4/23/12, 5:17 pm
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