Are all corporations the same? Are all LLCs the same?

Answer: No.

The wording of the Articles of Organization of the LLC creates the LLC when filed with the Secretary of State. The Articles of Organization spell out whether it's a manager-managed or member managed LLC.

Q: Which is better? Manager-managed? Member-managed?

A: Manager-managed LLC: Charging order protection secures assets from hostile creditor threats.

The charging order protection is what triggers the hostile creditor to be liable for an income tax, without collecting on your assets. This is called "phantom income," and it's successfully restricted from the hostile creditor ONLY when the LLC is manager-managed.

The state of choice means a great deal because it determines how secure the benefits really are. A Nevada LLC or a Wyoming LLC is extremely secure in terms of the charging order protection.

For more information, visit our website at http://www.aaacorpservices.com/ Toll Free: (800) 891-5987 Outside the US: (307) 635-8700 Fax number:(307) 635-1300