Posted by Scott on July 11, 2002 at 06:53:29:
I was tempted to ask for them to refile but like you said I didn’t want to tick the judge off. He asked me right when I brought it up before the case was heard if I was a principal in the LLC. I didn’t know if it mattered or why he was asking but of course told him the truth yes, I was. He said to the plaintiff “Why did you sue Scott personally when you were doing business with his LLC? Don’t you know people form LLC’s to protect their personal assets in the case of a lawsuit?” It was kinda funny.
Yes, I did form it myself. I used Randy and Charlie’s materials (which I believe are your materials)and formed it about 9 months ago.
I am getting ready to form another LLC put a balance of properties into. (I believe your suggestion is to put approx 5 properties per LLC or 250k equity)
I am also going to need some materials on forming a C Corp. so I can set that up to do the management for the LLC’s. Which of your courses do I need to do that?
Thanks & Take care, Scott