How Should Assets Be Transferred Legally Between An Operating Entity And Pass Through Trust
The notarized Private
Security Agreement (PSA) and perfect (filed) UCC-1 allows the creditor (Pass-Through
Trust) to give up certain property and/or services to secure the debtor’s (Operating
Entity) assets. Many people choose to list "proprietary information"
as an object given to the Operating Entity because it has unlimited value
potential. The agreement cannot result in the debtor going insolvent, so keep a
little money in the debtor's possession and update the PSA and perfected UCC-1
as new assets come in for an extremely small fee.
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