Updated Thursday, April 24, 2014 as of 3:47 PM ET
Star Power
Saturday, October 1, 2011
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While many stars use entities such as LLCs to hold various real estate or business ventures, this planning strategy often falls short. If the LLCs are structured as single-member entities, they can protect personal assets from a claim against the property or business conducted by that LLC. However, that approach does little to protect the various business entities from other attacks, such as a large guarantee gone bad, an ex-spouse or someone who has sued the client personally.

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