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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#000099">Pierce County resident at least 15 years.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#000099">Thank you.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;color:#000099">____________________________<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;color:#000099">Alexis R. Singletary<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#000099">Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:#000099">Singletary Law Office, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#000099">253.833.8855<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#000099"><a href="http://www.singletarylawoffice.com/"><span style="color:#000099">www.SingletaryLawOffice.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Josh Grant<br>
<b>Sent:</b> Wednesday, December 07, 2016 3:26 PM<br>
<b>To:</b> wsbar trust<br>
<b>Subject:</b> [WSBAPT] Ownership of home In LLC?<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">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.</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">He and his wife owns some real property including a family home.</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">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.</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">He is hoping for some reduction in risk exposure to his nonbusiness assets.</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">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.</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">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?</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri","sans-serif";color:black">Josh Grant</span><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri","sans-serif";color:black">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<o:p></o:p></span></p>
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