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<DIV><FONT size=4>I have a client who has a large business, fully insured,
however the activity has a potential for substantial liability (environmental,
accidents to workers). It is owned as a sole proprietor by client with his
wife.</FONT></DIV>
<DIV><FONT size=4></FONT> </DIV>
<DIV><FONT size=4>He and his wife owns some real property including a family
home.</FONT></DIV>
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<DIV><FONT size=4>It would be difficult to transfer everything in the business
into an LLC. because of the nature of the assets. Same with transferring
everything into a Corporation. Also he may sell the business in a year or
so.</FONT></DIV>
<DIV><FONT size=4></FONT> </DIV>
<DIV><FONT size=4>He is hoping for some reduction in risk exposure to his
nonbusiness assets.</FONT></DIV>
<DIV><FONT size=4></FONT> </DIV>
<DIV><FONT size=4>I have told him that their isn’t a lot of protection
available, however, an LLC might be helpful (create a small barrier) for a
business related claim, if for some reason he doesn’t have enough
insurance.</FONT></DIV>
<DIV><FONT size=4></FONT> </DIV>
<DIV><FONT size=4>Is there a problem if he puts the real property he and she
owns in an LLC? Would it provide any protection to their assets? Other
suggestions?</FONT></DIV>
<DIV><FONT size=4></FONT> </DIV>
<DIV><FONT size=4>Josh Grant</FONT></DIV>
<DIV><FONT size=4></FONT> </DIV>
<DIV style="FONT-SIZE: 14pt; FONT-FAMILY: 'Calibri'; COLOR: #000000">Joshua F.
Grant, PS<BR>Attorney at Law<BR>P. O. Box 619<BR>Wilbur, WA 99185<BR>tel 509 647
5578<BR>fax 509 647 2734<BR></DIV></DIV></DIV></BODY></HTML>