Most real estate investors start by buying properties in their personal name. Many smart investors eventually end up establishing an LLC structure for their properties. Once an LLC structure is set up, then you have to get the properties out of your personal name, and into the LLCs.[Read more…] about How to get existing properties into LLC structure
As businesses reopen, there is fear that customers will sue you if they get infected after visiting your business.
This fear is not unreasonable. The US court system is not reasonable. It’s unpredictable. The targets of these lawsuits will lose or settle even though it will be impossible to prove exactly when or where a person became infected with C-19.[Read more…] about Covid-19 Lawsuits
A local LLC helps mitigate risk, increases asset protection, and helps comply with local business laws.[Read more…] about Why have a local llc?
The days when a trust or LLC could completely hide your identity are gone. Registered agents, trustees, and bankers are all required to know who is the “natural person” (human being) behind an entity. These “know your customer” laws require knowledge of who owns, or establishes, an entity.[Read more…] about Ultimate secrecy (not gonna happen)
Asset protection is not about hiding money and tax-dodging schemes.[Read more…] about Not tax evasion
Giving away your stuff to a trusted family member to thwart creditors is NOT an effective asset protection strategy.[Read more…] about Tiger King Fraudulent Transfer