Thursday, July 31, 2003
Limited Liability Companies (LLC) are increasingly popular vehicles for same sex domestic partners to organize their affairs and protect their respective financial interests, while at the same time conducting a side business. Although gay or lesbian marriages are not legally recognized in many places, Delaware Corporations are given wide acceptance. LLC's can provide a legal framework of rights which approach, but do not duplicate the traditional marital rights. With good planning, a business purpose, and sound legal guidance, an LLC combined with a Will, a Living Will, and a Durable Power of Attorney can accomplish your estate planning goals.