The Tender For Law

English Only

ENGLISH is the international language of law and commerce. Knowing FRENCH is useful for understanding LEGAL ENGLISH, but FRENCH is not the international language of law and commerce, so we will ignore French speakers who speak to us in the language of a conquered people.

Non.

I understand that you are a proud Québécois, but the people here have nothing but contempt for you because of decades of transfer payments and NONE OF YOU understanding what Quebec sovereignty means. None of you know who Russell Rogers Smith is, and you're too proud and arrogant to teach. Just go away and be Retardier somewhere else.

Volume 7

Aug 02, 2014 9:58 PM

Age Thomson

Please correct me if I am wrong.....

It is my understanding that a corporation is a type of company or business entity which is entitled to treatment as an artificial person which can sue and be sued in a court, and which has liability protection for its shareholders and officers. When I look at information on a Limited Liability Company though, it looks like a much better setup to me in terms of privacy etcetera, but I am not seeing anywhere that it can be treated as an artificial person and able to sue/be sued. Is it the case that an LLC is NOT an artificial person? If it is NOT a person, then it follows that it cannot create a trust?

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Read Comments 18

J.P. Alexander

An LLC and a trust both provide benefits to the owner of REAL PROPERTY. Using both a trust and a LLC is the best combination of liability protection and estate planning. To do this, the owner should hold the investment property in a single member LLC, with the living trust as the sole member of the LLC. Here, the trust is the owner of the company and holds all of the interests of the LLC. This form of ownership gives you an added layer of protection from the LLC as well as the additional estate planning benefits of a trust.

Pete Daoust

I am, pierre the man, the grantor for the FTP TRUST, and ME, the man, appointed 9111-1111 Quebec inc as TRUSTEE for that trust, I, ME, acting as the SOLE authorized administrator for PIERRE DAOUST, swang PIERRE DAOUST into that TRUST, I just need to have 9111-1111 Quebec Inc to lien PIERRE DAOUST, and it will be done....

Age Thomson

That's what I was thinking as well, but I remember reading here somewhere that it was a "person" who creates the trust. So I suppose that was just a little foggy thought on my part. Thank-you for bringing that into focus for me Pete :)

Pete Daoust

Fun fact: The FTP TRUST, has nothing to do with "This note is legal tender", but it has everything to do with my TIME/ENERGY, because I trust that my time/energy is MINE, and this is CLEARLY "established" in good faith.

I wonder WHO will take the risk to CHALLENGE this ? :-D

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