Ronald C. Iacone Jr., Esq., Author at IACONE LAW

Ronald C. Iacone Jr., Esq. In Asset Protection

LLCs as Creatures of Contract: Don’t Overestimate this Legal Fiction

I recently sat down with a nonprofit to discuss the asset protection tenets of LLCs, among other things, and was particularly intrigued by where our conversation headed. It was a smart group, to boot, so I took them on a ride all the way…

Ronald C. Iacone Jr., Esq. In Asset Protection

The LLC Is No Magic Carpet | Personal Liability

I'm consulted quite frequently on the efficacy of using an LLC to protect oneself from personal liability. I find that most people, including prospective clients and their advisors, believe the LLC to be the magic carpet that will carry them far, far…

Ronald C. Iacone Jr., Esq. In Asset Protection

PACC Event: Commentary on the Panama Papers

I happily accepted an invitation by the Panamanian American Chamber of Commerce to briefly speak on the Panama Papers at their last networking event. The event, appropriately entitled "Commentary on the Panama Papers," was sponsored by the Carolina Ale House and Ron Abuelo.…

Ronald C. Iacone Jr., Esq. In Asset Protection

Lawsuit Abuse in Florida

Lawsuit abuse is reason for worry. A survey conducted by the National Federation of Independent Business (NFIB), in conjunction with Sick of Lawsuits, found that 92 percent of small business owners in Florida believe that lawsuit abuse is stunting their…

Ronald C. Iacone Jr., Esq. In Asset Protection

The Mind of a Personal Injury Attorney

Someone near and dear to me was involved in an accident. Nothing life threatening, thank goodness, but severe enough for her neighbor to recommend an "excellent attorney." As an aside, I do wonder which statement came first: that, or hopefully,…

Ronald C. Iacone Jr., Esq. In Asset Protection

Common Types of Creditors

The United States is an extremely litigious society with result-oriented judges and juries frequently ruling in favor of the creditor plaintiff. The judgments have the potential to bankrupt both businesses and individuals, the litigation is costly and winning may only amount to…

Ronald C. Iacone Jr., Esq. In Asset Protection

Arizona Charging Order Subject to Garnishment Limit

The plaintiff successfully sued the defendant in Arizona. The judgment required the defendant to pay restitution to the plaintiff by way of $300 minimum monthly payments. This amount later increased to $750 and lo the defendant could no longer afford…

Ronald C. Iacone Jr., Esq. In Asset Protection

Will The Court Uphold Your Homestead Exemption?

Florida's constitutionally mandated homestead exemption is the holy grail of exemption planning. Its purpose is to protect the sanctity of the home by providing a shelter for the owner and his family immune from the money judgments of creditors. In…

Ronald C. Iacone Jr., Esq. In Asset Protection

The Panama Papers: What You Don’t Know

The Panama Papers: A trove of documents leaked from a Panamanian law firm brought the offshore world right to your doorstep. The published files -- 11.5 million of them -- exposed the secret financial dealings of some prominent figures and revealed webs…

Ronald C. Iacone Jr., Esq. In Asset Protection

Split Your LLC Interest Into Two Parts

LLC ownership is evidenced by an LLC interest. The nature of this interest is determined by contract -- the LLC operating agreement -- or by statute. Uncommon to most, your ownership in the LLC is actually split up into two parts:…

Ronald C. Iacone Jr., Esq.

LLCs as Creatures of Contract: Don’t Overestimate this Legal Fiction

The LLC Is No Magic Carpet | Personal Liability

PACC Event: Commentary on the Panama Papers

Lawsuit Abuse in Florida

The Mind of a Personal Injury Attorney

Common Types of Creditors

Arizona Charging Order Subject to Garnishment Limit

Will The Court Uphold Your Homestead Exemption?

The Panama Papers: What You Don’t Know

Split Your LLC Interest Into Two Parts

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