Currently I am a partners in a multi members LLC since 2009 offering boat tours for up to 140 passengers .I use my salry and saved it to purchase a smaller boat
I plan on starting another business as single LLC running tours on small boat w business in Florida
How do I protect the boat that is free n clear worth 20k from my creditors since I will own 100 percent single member LLC .. Do I add my wife (bad credit lost house) or one of my young children ? Or setup trust ?
I have 2 judgements against me for credit cards for around 10k each.
My current truck which I use for business only has 2 payments left,then is free n clear . At this time there is no creditor trying to seize it
I was going to sell it to multi member LLC and then register it in the LLC name
Will this protect my truck ?
Eventually I will settle with my credit card since the amount is manageable er not worth file Chapter 13