Ron Rohde, Esq, an experienced attorney specializing in real estate law, discusses LLCs for real estate investors in the podcast. Topics include common LLC structures, how to protect the corporate veil, the role of umbrella insurance, avoiding LLC mistakes, and transitioning from residential to industrial real estate investing.
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LLC Protects Personal Assets
An LLC limits liability to the assets within the LLC, protecting personal assets from lawsuits.
This legal structure encourages economic activity by allowing investors to risk capital safely.
volunteer_activism ADVICE
Umbrella Insurance Is Secondary
Use an umbrella insurance policy as a secondary protection layer, not a replacement for LLCs.
Rely on LLCs for primary asset protection and umbrella policies for additional coverage like defamation suits.
volunteer_activism ADVICE
Tailor LLC Structure to Risk
Choose LLC structure based on personal risk tolerance and equity invested.
Consider using a basic LLC for initial investments; add layers like a Wyoming LLC for anonymity and better asset protection as equity grows.
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In this episode, Ryan and Thomas are joined by Ron Rohde, Esq, to discuss what real estate investors really need to know about LLCs, including:
- What are LLCs?
- Common LLC Structures Explained
- How To Avoid Piercing the Corporate Veil
- Is Umbrella Insurance a Replacement for LLCs?
- LLC Mistakes and more!
We also discuss why Ron transitioned from residential to industrial real estate investing!
Whether you already have LLCs or plan to create one, this is a must-listen episode.
To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast
More from Ron: https://ronaldrohdelaw.com/
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