All Forum Posts by: Brandon Handel

@Anthony Wick thank you. Those were exactly my thoughts. I can do multiple things at once.  I was worried about that part of the name as well. The last thing I want to portray is "low-income housing" I'm starting to lean more towards "Handel Homes" because it sounds more "upscale" compared to housing. Plus I think it might give a more "cozy" impression of it being a nice home rather than low-income housing. I could be totally off and maybe it doesn't matter but just think the name has a better stigma around it that "housing" I like Holdings as well. I'll probably do a poll or something in my Facebook group to get other's impressions. Thank you for your input!

@Ned Carey thank you. I'll check out that website and put that book on my reading list.

@Cameron Mehta I know. I realized the stupidity of that statement after I posted it and didn't know how to edit the title lol. What I meant was that I wanted honesty and "no holding back" on what they thought of the name. Completly the wrong word for what I wanted. I know.

@Ned Carey I'm not sure I understand what you mean with this? Are you saying that in order to get the protection that these states offer I need to have the business/property located in that particular state? I feel I'm totally lost on this part. Please expound on this for me.  

@Ned Carey, I see what you mean now. I thought you were just implying that it is easier to make a mistake signing when part of my name is in the name of the LLC as well and that therefore can come back to haunt me if I get caught up in a lawsuit.

@Caleb Heimsoth, thanks for the link! Definitely going to be looking into all that. I like your strategy too. I knew there was another state that had the same kind of protection as Nevada, but couldn't remember which and definitely didn't know it was that cheap. I'll be looking into all this stuff. Thanks again!

@Caleb Heimsoth, so you have your LLCs in another LLC that's out of state? I haven't really gotten that part of my strategy figured out yet, but my original thought was to have my LLCs registered in Nevada. From what I read their protection makes it nearly impossible for you to be wiped out. I can't remember the exact term they used but basically, it was my understanding that the most they can do is force the LLC to make payments which a lawyer won't want to even deal with because they want to get paid all at once. Am I correct on this? Should I have my properties in LLCs registered in IN and then have those LLCs all registered under another one in Nevada?

@Ned Carey, I must've overread that part in your previous message to me. Your example makes a lot of sense to me now though, thank you. So that I know I understand you completely, having my name on it just makes signing papers more meticulous as I have to be careful not to sign as just myself but as a member of my LLC. Am I correct?

@Daulton H. I have. I just don't want to paint myself into a corner. A lot of people on here are telling me its a bad mistake. I don't know if they think I'm putting everything into that one LLC or just the management side. I should've clarified that better in the beginning I suppose. Another person has said the same thing regarding the name. Your reasoning is what I was starting to think too. Thank you for your input.

My original idea was to have my Last name in the business name for the entity that would be managing my properties. The properties themselves would be in separate LLCs. My question is if this is a stupid idea. Others have told me in past forum posts that it would make it easier to "pierce the veil" in a lawsuit. From a quick read I just did I don't see how that's possible. My understanding is that that the whole purpose of an LLC is to keep things separate from myself in a financial sense. Could something so simple as having my last name on the LLC really allow someone to go after my personal assets? I am really confused on all this. Please help.