Florida  |  Credit and Debt Law

Legal Question

Asked on: 7/16/13, 6:26 am


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


Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

115 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search