The Biggest Mistake Investors Make With LLCs
About this episode
The episode discusses the critical mistakes investors make with LLCs and the importance of proper asset protection.
Most real estate investors think insurance is enough to protect them. It is not. And if you own property in an LLC right now — there is a new federal law with a $10,000 fine and up to two years in jail that most investors have never heard of. Today's guests are here to change that. --- Garrett Sutton and Ted Sutton | Corporate Direct | Asset Protection Attorneys Garrett is a Rich Dad Poor Dad advisor for Robert Kiyosaki and a leading expert on LLCs and asset protection. Ted is a licensed attorney in Wyoming, Nevada, and Texas specializing in corporate law and compliance. --- Why Insurance Alone Is Not Enough Insurance can be denied or underpaid. The second line of defense is an LLC holding title to your property. A lawsuit can only reach what is inside the LLC — not your personal assets. --- The Wyoming LLC Structure Every Investor Should Know Hold title in a state LLC — then have it owned by a Wyoming LLC. Wyoming's charging order means creditors cannot force a sale. They can only lien distributions. Most contingency attorneys walk away rather than wait. --- The Biggest Mistake Investors Make With LLCs Setting one up is not enough. You must transfer title into the LLC, maintain…
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