#398 Tax & Legal Easy Button | The Trifecta...
Main Street Business
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Tax Planning for Small Business Owners
On the right hand side, we have an LLC. We might have multiple LLCs as you build a variety of assets or create partnerships. But we've had this firewall down the middle and this firewall protects the assets on the right from the operations on the left. Yeah, for example, let's say you own some rental properties and you drive Uber. I don't want you driving around the car getting an accident and that all being in the same LLC. Why have an LLC for driving Uber? And I got an LLC that has my rental in it. No, no,no, no. You're not telling us anything new. It's just the way you lay it out.
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