Irrespective Liability

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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.

In this week’s episode, Robert Leonard talks with Brian T. Bradley about what asset protection is and why it matters, when a new real estate investor should start considering asset protection, whether new real estate investors need an LLC or not to start investing, how to setup an LLC, the most common and dangerous misconceptions around LLCs, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:33 - What asset protection is and why it is important.

05:39 - When a real estate investor needs to start considering asset protection.

07:34 - What LLCs are and whether or not you need one to invest.

14:52 - Common and dangerous misconceptions around LLCs.

26:28 - How to properly setup and structure LLCs.

36:57 - How LLCs and asset protection works for house hacks.

59:26 - What asset protection trusts are.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Get more content from Robert.
Key Concepts of Asset Protection
Asset Protection Overview Presentation
Gary Keller’s book The Millionaire Real Estate Investor.
All of Robert’s favorite books.

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