Florida What is Your Deal?

July 2, 2010 1 Comment

The news just keeps getting worse for Florida real estate investors.

On June 24th, the Supreme Court of Florida handed down a 3-2 decision that allows a creditor to seize the ownership interest of a single-member LLC.

Download a pdf of the decision here.

This is bad news if you hold real estate in a single member LLC in Florida as you just lost your asset protection in the case of a judgment. So far no word on multi-member LLC’s.

The Business
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