LLC vs LLP – who wins for legal protection?

[Labrat88]

yo I’m launching a new setup. layered domain infra + asset shielding in motion. question is, for real legal protection, especially if sh*t goes sideways — LLC or LLP? I don’t need partners breathing down my neck, I just need to not get sued into homelessness. thx

 

[Steven Cohen]

yo I’m launching a new setup. layered domain infra + asset shielding in motion. question is, for real legal protection, especially if sh*t goes sideways — LLC or LLP? I don’t need partners breathing down my neck, I just need to not get sued into homelessness. thx

LLC. not even close.
LLP = “I trust Chad not to tank our sh*t.”
LLC = “I don’t trust anyone, here’s my liability wall, eat dust.”

 

[Labrat88]

LLC. not even close.
LLP = “I trust Chad not to tank our sh*t.”
LLC = “I don’t trust anyone, here’s my liability wall, eat dust.”

so no love for LLPs?

 

[Steven Cohen]

so no love for LLPs?

not unless you’re co-running a yoga school or a boutique hedge fund with three guys from law school

one mess-up and everyone’s f*cked

 

[Goodboy13]

LLP sounds secure until your “silent partner” gets sued and suddenly your name’s on discovery docs

LLC gives you solo protection, passthrough tax flex, and nobody even needs to know who runs it if you’re smart with reg agents

 

[Horkos]

also, piercing the corporate veil? way easier on an LLP courts eat those up
LLC wrapped inside a trust? now they gotta dig through layers like it’s fkn lasagna

 

[Steven Cohen]

also, piercing the corporate veil? way easier on an LLP courts eat those up
LLC wrapped inside a trust? now they gotta dig through layers like it’s fkn lasagna

yo not me trying to protect 4 crypto wallets, 1 dirty affiliate stream, and a .ai domain under one entity

 

[LevelUpLarry]

yo not me trying to protect 4 crypto wallets, 1 dirty affiliate stream, and a .ai domain under one entity

then why you even asking?
LLC is made for that.
LLP is for Harvard bros with matching suits and NDAs

 

[Steven Cohen]

LLC in WY or NM
add a nominee manager + offshore beneficiary setup
now if they sue the LLC, they get… confusion

 

[Goodboy13]

LLC in WY or NM
add a nominee manager + offshore beneficiary setup
now if they sue the LLC, they get… confusion

also don’t sleep on using an aged LLC
mine was formed in 2015, clean record, makes me look like I been filing quarterly since Obama was in office

 

[Horkos]

LLC in WY or NM
add a nominee manager + offshore beneficiary setup
now if they sue the LLC, they get… confusion

not gonna lie, LLPs still useful if you’re intentionally visible but insulated. think fund structuring or staged investment shells

but for solo, silent, or shady — LLC is king

 

[Steven Cohen]

not gonna lie, LLPs still useful if you’re intentionally visible but insulated. think fund structuring or staged investment shells

but for solo, silent, or shady — LLC is king

ok I’ll give you that
LLP = visible game
LLC = vanish protocol

 

[Labrat88]

so if I just want to hide income, avoid liability, and bank under a corporate name no one ties to me…

 

[LevelUpLarry]

so if I just want to hide income, avoid liability, and bank under a corporate name no one ties to me…

LLC
always
end of thread unless someone’s into lawsuits and regrets