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Part of the reason I don't post the ownership information online is because one simple search relating to the US LLC will now show this thread and the screen names of the investors in this thread. Tenants could do it, laywers could do it in the case of a suit.
The thing about liability is that there *should* be multiple layers. In our case the first line of defense is insurance - We have a total of $12,000,000 worth of insurance on our properites all together. On top of this we are adding another $2,000,000-$5,000,000 umbrella policy to the LLC itself to build a second line of defense. The third line of defense is the fact that we're under a LLC, if we get sued *normally* the LLC is only sued and not the owners (me) since our operating agreement only shows the HK LTD as a minor stakeholder in the business.
"Minor stakeholder"?
Your blurb on Havelock:
"Full Power Asia Investment LTD is a worldwide real estate investment firm. We currently manage and own a rental real estate operation in Central Ohio. We specialize in acquisition, rehab and cash flowing income producing real estate.
Here:
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Full Power Asia Investment LTD is a real estate investment company which operates in Central Ohio. We specialize in acquisition, rehab and cash flowing real estate. We primarily specialize in distressed real estate acquisition.
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What, exactly, do these--help me here, "units"?--represent? Who owns the properties? Full Power Asia Investment LTD or your brother's ex-paintball company, a US LLC? Or? Who issued the shares?
All of these layers of protection are to avoid any connection between a property sitting at XXXXX and you guys.
How could your shareholders be possibly put in peril by having their aliases connected to one of your properties? WTF are you suggesting?
It is set up as prescribed in the havelock listing agreement & business plan with the set ownership percentages as we disclosed in said agreement.