REI102: Don't Lose All Your Money & Truth About LLCs w/ Brian T. Bradley
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Irrespective Liability
The i r s is not taxing your business separate from you. Because of this, they're basically worthless for acid protection liability issues because that liability also passes directly through to you. We prefer to move those assets out of the s corp, but we wouldn't want to do that at that point without you having to pay a huge tax recapture feed. Most people just won't have that type of cash sitting around. So now we're just stuck. You know, we really can't do anything. And this could have all been avoided if the planning was set up properly from the beginning to allow you to properly grow.
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