That depends on the terms of the LLC. If your father has no interest in the LLC, then after five years he will be outside of the Medicaid look-back period. But if he retains an interest in the LLC, Medicaid will probably consider the LLC to be a countable asset. Your father may want to think about using an irrevocable trust to hold his assets. But all of this – trusts, LLCs, and Medicaid – is complicated stuff. We strongly recommend that your father consult with a local elder law attorney. To find an attorney near you, go here: https://www.elderlawanswers.com/elder-law-attorneys.
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