family limited partnership

[Vernon Kittrells]

I just got back from Jeff Taylor's Mr. Landlord conference and a guest speaker was discussing protecting your assets from being sued by placing LLC's under a family limited partnership.Its expensive but if you can get the paperwork its knocks down the cost dramatically. The gentleman's name was William Bronchick. Just wondering if anyone uses this or even heard from it

[Weston Couch]

@Vernon Kittrells Hi Vernon, I work with a group that creates a lot of LLC's for asset protection. I gotta agree with Ashish, I think the structure that's right for you depends heavily on your situation and long-term goals. What does your current portfolio look like? What do you want to do with it over the next 5-10 years?