The Friendly Lien, a clever and innovative approach to asset protection, takes advantage of the legal structure and versatility of Limited Liability Companies (LLCs). This strategy employs the use of two Business Attorney in Loudon County separate LLCs: a holding LLC, which serves as a financing entity, and an operating LLC, which conducts the day-to-day business activities and holds the assets. By creating a loan arrangement between these two LLCs and securing it with a lien, the assets held by the operating LLC are made less appealing to potential creditors.
