What is a Charging Order?

✅ Company Formation In All 50 States: businessanywhe...
In this video, Bobby explains that a charging order allows creditors to place a lien against distributions from a limited partnership or LLC to satisfy a judgment, similar to a wage garnishment. He notes that in states like Wyoming that limit creditors to charging orders, LLC managers can choose not to make distributions, blocking the creditor's ability to collect - making charging order protection quite important.
📬 Get Your Own Virtual Mailbox: businessanywhe...
✅ Company Formation In All 50 States: businessanywhe...
📄 Online Notary, Only $37 Per Document: businessanywhe...
✍️Read More At Our Blog: businessanywhe...
Legal Disclaimer: The content on this RUclips channel is for informational purposes only and does not constitute legal or tax advice. We strive for accuracy, but laws and regulations are subject to change, and we cannot guarantee the relevance or accuracy of the content. Consult a qualified attorney or tax advisor for advice tailored to your specific circumstances.
#entrepreneur #entrepreneurship #llc #privacy #assetprotection #michiganllc #michiganbusiness #digitalnomad #nomadlife #businessowner #freelancer #llc #llcformation #llc2023 #newllc #llcregistration #entrepreneur #entrepreneurship #contractor #contractorbusiness