Losangeles77
New Member
- Jurisdiction
- California
I live in California, I own a rental property with high equity and a residence here,
I want to at least protect my rental property
with inside and outside protection (outside meaning if im personally liable in an accident and get sued)
I form a Wyoming LLc and transfer title of rental property to LLC. LLC now owns property.
If Im personally sued for an accident like in a car, (not a tenant) , can a California court rule that
my Wyoming LLC is not protected by Wyoming LLC laws ?
Example , the Charging order protection of Wyoming would not stand up and California could eventually order a foreclosure on property.
I want to at least protect my rental property
with inside and outside protection (outside meaning if im personally liable in an accident and get sued)
I form a Wyoming LLc and transfer title of rental property to LLC. LLC now owns property.
If Im personally sued for an accident like in a car, (not a tenant) , can a California court rule that
my Wyoming LLC is not protected by Wyoming LLC laws ?
Example , the Charging order protection of Wyoming would not stand up and California could eventually order a foreclosure on property.