Can one entity- say an LLC - hold all my assets, including my investments?
An axiom of good asset protection planning is to title your investments
and other ‘safe assets’ to one entity, such as a limited partnership,
and title such dangerous or liability-producing assets as vehicles, equipment,
real estate or businesses to other separate entities – usually one,
or multiple LLCs. Why jeopardize your valuable or ‘safe’ assets
to the creditors and lawsuits that arise from your dangerous or liability-producing
assets? That’s your gamble when you title all your assets to one
entity. You always want to limit your exposure. That’s why you should
isolate your liability-prone assets to separate entities and title your
safe assets to another.