People are suspecting all these LLCs in Anna’s name are the Duggars way of moving property and money around in case Josh goes to jail and the feds try to seize any profits he made from the CP. I am being told the feds can still seize it but don’t know if it’s true.
That’s a shell game. Probably legal if they do it right but you can’t fight city hall no matter what - you just make it harder for city hall.
I am not an attorney or accountant and anyone thinking of this should seek legal advice first: That said, if you owned a farm you could create many LLCs. One LLC owns the land. A second LLC licenses the right to farm the land, and pays the owners a flat fee or percentage of the cut. A third LLC leases the farm equipment to the 2nd LLC. A fourth LLC gets the right to sell the yield that the 3rd LLC produces on the farm. And so on.
Each LLC in such a case gets to write off their expenses. Each LLC has their own costs and their own payroll/profit participation. Each LLC has their own liabilities and gains. It’s just one farm, but, no single entity really makes a big profit. They pass their expenses on to the other LLC. Shell game.