In today’s episode, Toby Mathis, Esq. welcomes Carter Coons, Esq., an attorney at Anderson whose last name you may recognize… he is also the son of partner Clint Coons. Carter shares some of the benefits of utilizing a Wyoming Statutory Trusts (WSTs) as holding companies for your California LLCs to avoid the $800 per entity tax that is due annually. You’ll hear how to layer these protections to secure your anonymity and save money.

Highlights/Topics:

California properties and LLCs
How can we avoid this franchise tax?
Wyoming Statutory Trusts (WST) are exempt
WST as a holding company
How does California feel about these trusts?
Protections you can benefit from with a WST
There is no reason that you shouldn’t take advantage of this protection
Integrating out-of-state LLCs
If you’re not a CA resident, all you need is the WST to own titles to your properties
This strategy is legit, inexpensive, and has worked for decades
Share this with someone who could benefit

Resources:

Carter Coons LinkedIn

https://www.linkedin.com/in/carter-coons-708629117

Tax and Asset Protection Events

https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=avoid-the-ca-franchise-tax

Toby Mathis on YouTube

https://www.youtube.com/c/tobymathisesq

Anderson Advisors

https://andersonadvisors.com/

California Investors - Learn How to Avoid the Franchise Tax & Save Thousands