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Message: <blockquote data-quote="Deset Gled" data-source="post: 8531815" data-attributes="member: 7808">AFAIK, it's more about separating assets and liabilities.Let's say someone slips and falls at the Hobby Shop Museum and sues for medical costs.  If the Museum and NuTSR are the same legal entity, the person who sues the Museum could end up taking everything from the gaming company as well.  Registering the two as separate LLCs protects the museum as an independent entity, so the person who sues the Museum can go after the property, but not NuTSR.  Likewise, if someone (but who?) sues NuTSR, having the Museum as a separate LLC protects the real estate from the litigation about gaming.It's common for temporary entities like cons (and movie projects, and political campaigns, etc) to set themselves up like this, as independent LLCs, for this type of protection.  It's also why many people require pre-payment to do anything with these types of businesses, as it can be almost impossible to collect payment after the event is over.That being said, US courts aren't blind to the fact that people use this type of practice to obfuscate where their money is, and will sometimes go after people for it.  You may remember this was one of the smaller plots in season 1 of Tiger King, where Joe Exotic was caught trying to move his assests around to hide them after he lost a suit to Carole Baskin; he failed at it.  The fact that NuTSR and the Hobby Shop Museum share a web store and other blatant similarities means the separation may not hold up in court if Hasbro pushes hard enough.Since all the LLCs are owned by LaNasa, at the end of the day they probably don't provide much tax protection.  However, foreign entities (like a gambling company based in India) would be a very very different story.Edit:  As a follow up thought, for LaNasa the multiple LLCs might also have to do with the number of investors he has.  I think Ernie owns part of TSR, so LaNasa has to share part of those profits with him.  I think Jeff Leason owns part of the Museum, so LaNasa has to share those profits with him.  Any money that goes through an LLC LaNasa owns completely all stays with him.  Moving around expenses and profits is probably a big part of the game.</blockquote>

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