The charging order (especially under Wyoming and Nevada law) is the key asset protection feature of LLCs and LPs. The charging order is a lien against distributions from the LLC or LP. If no distributions are made the judgment creditor does not collect. Importantly, under Nevada and Wyoming law the judgment creditor cannot force a sale of the asset(s) like they can in California and other states.
About The Author
Garrett Sutton is a corporate attorney, asset protection expert and best selling author of 10 books. He has sold more than 850,000 books to guide entrepreneurs and investors.For more than 30 years, Garrett Sutton has run his practice assisting others in protecting assets and maximizing financial goals. The companies he founded, Corporate Direct and Sutton Law Center, have helped more than 10,000 clients protect assets and incorporate businesses. Garrett is a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki.
June 3, 2015
June 3, 2015
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Garrett Sutton’s Books
- How to Use Limited Liability Companies & Limited Partnerships Rated 5.00 out of 5$19.95
- Finance Your Own Business $18.95
- Toxic Client $18.95
- Start Your Own Corporation Rated 5.00 out of 5$18.95