Post reply
Original Message:
Believe what you will... (by KC):
colvind wrote:This really isn't at all about how much money was paid out.Talk about looking a "gifthorse" in the mouth.
As stated already, a LLC established for the sole purpose of avoiding legal or financial responsibility (or for assisting others to do so) constitutes fraud --- plain and simple. Fraud (fyi) is a criminal offense in ANY state. Accordingly, deed transfers associated with a fraudulent enterprise can be voided and deemed legally invalid.
As also stated already, time will tell whether or not your transfer actually is the "done deal" you seem to believe that it is. I realize that's what you want to believe (and I don't blame you for wanting to believe that) but the fact of the matter is that you may be in for a rude awakening if the LLC is a fraudulent enterprise and is later exposed as such and all associated deeds are vacated and voided.