Alec Peters claimed to me that this corporation was created to protect this particular asset, the townhouse that is listed as the corporate address (in public documents). He has no mortgage on that property (that I can see), so the only thing between him and changing the ownership is to simply file a quitclaim deed, and pay the appropriate tax (which takes all of 10 minutes). In fact, even the tax itself would not be a big issue, because he could just claim the value of $100, and pay just 70 cents.
I am leaning toward giving him the benefit of the doubt that he intended to use this corporation to shield assets. But here's the thing ... he hasn't. And he's had a year to do something that takes just 10 minutes, and 70 cents.
So let's say the Axanar lawsuit goes to court. CBS/Paramount wins a massive judgement, in this example ... more money than what Peters has on hand. CBS/Paramount will be able to go after the townhouse in Florida ... why? Because Peters is named in the suit, which means he's personally liable. And as of right now (or, depending on the law, at the time the lawsuit was filed) that townhouse is under his personal name.
If he had transferred ownership to Woodland Terrace Investments a year ago, or even six months ago, it would be harder for CBS/Paramount to come after that asset as a way to fulfill the judgement. That's why you would create an LLC to protect a property, and you would do it by transferring the property to that LLC. You still "own" the property, but as the controlling member of the corporation.
That doesn't make you completely immune to having the asset forfeited -- but it does make it a lot harder.
... listening to ambient space jazz..
