Asset Protection Proofing Your Limited Partnership or LLC for the Bankruptcy of a Partner or Member
(The Florida Bar Journal, Volume 81, No. 1 January 2007)
This article provides lawyers with an outline of asset protection benefits provided by an FLP, analyzes how a bankruptcy proceeding by a partner in the FLP affects these protections, and suggests language to address the issues raised in In re Ehmann (Movitz v. Fiesta Investments, LLC), 310 B.R. 200 (Bank. D. Ariz. 2005).