Membership interest in an LLC may not be as protected as you think. Judgment creditors may seek charging orders against the financial membership interest of a member in an LLC, and in the case of a single member LLC, Florida Statute 608.433 sets forth circumstances in which the interest of a single member LLC can be foreclosed upon by a judgment creditor. It is important that you understand your rights with respect to corporate interests whether they be stock ownership, membership interest or partnership interest.
Anthone Damianakis is available to help you with your concerns and questions in regards to business law. If you have any questions, please contact us.
