2min chapter

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569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Real Estate Podcast

CHAPTER

Is an LOC a Corporation?

An l o c is more like a limited partnership than it is like a corporation. It's not impenetrable, but you have to maintain every single detail and do it right all the time. I've got clients, been through lawsuits. The attorneys are always going to sue you too. So they're not disgoing to su they ell see, they an sue you too so we'll it help you. No question. i think l cs are extraordinarily valuable.

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