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Non-Entity Asset Protection: Not getting sued, winning if you do, making sure insurance pays if needed. These topics are not covered often enough.
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LLC, LP, LLP, S-Corporation, C-Corporation? We’ll discuss which one(s) fit(s) you for tax purposes (any asset protection is a bonus). In detail. Selecting the correct entity can save you millions in taxes. The wrong one…will cost.
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We discuss “WHY” in detail. I want you to have answers AND to understand WHY a given entity or structure is correct for YOU. That way you’ll know how to question & reason through others’ “advice” (e.g., NV & UT “asset protection gurus”)
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Where to set up your entities? Nevada? Delaware? Wyoming? Home state?
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Holding companies: What they are, what they do, what they don’t do, when they do or do not make sense
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Management companies – when they make sense and when they do not
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Keeping it simple in the beginning…and when to start adding entities to your structure
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How many entities? One per property? (Hint: Generally not a good idea, we’ll of course discuss “why” that is)
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How to properly maintain an entity – 80%+ of small businesses fail at this key task and are ripe for “piercing the corporate veil”. We will take some serious time on this very overlooked issue.
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We’ll compare Limited Liability Companies to No Liability Companies.
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When C-Corporations make sense – and when they do not. Lots of myths out there.
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Equity stripping…. when does it backfire? (and it does?)
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Series LLC’s…not necessarily as advertised (shocking, I know)
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Limited Partnerships are mostly just for Canadians nowadays – we’ll discuss why that is no joke (Sorry SouthPark and polite northern neighbors)
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When do S-Corps work? What are they good for? Many of you are running them in a way that kills both the tax benefits and the asset protection
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Rollover Business Start-Ups (ROBS) – my favorite tax tool, The One to Rule Them All (no Nazgul, I promise). Work for a C-Corp owned by your Roth 401k, take a salary (or not). Pay 21% tax, make the Roth 401k Huge. I have clients who shall save 8-figure sums using this tool.
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Stop it with the “Inter Company Loans” and “Due to/Due From Accounts” – they will kill you for both tax and asset protection purposes. We’ll discuss the correct way to momve money between entities.
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Which entity for Rentals? Sub2’s? Airbnb’s? Flips? Lease Options? Lending? Buying notes at a discount? And “other”…
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Offshore Entities …and yes, sometimes they do actually make sense. They also have limitations, we’ll cover those too.
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As usual, lots of Q&A – Note: I am no longer available to hire, even at my prior $1,000/hour rate. What is essentially a “Rent-A-Family-Office” has hired me full time for a much larger sum…after I helped save them very large amounts on taxes. One of the few ways to access me is via two or three classes I present per year.