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30 August 2022 | 9 replies
The short version is that an LLC is good for anonymity or legal protection, both of which are not usually necessary.creating an LLC will cost you money to set up and to maintain.
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16 September 2019 | 1 reply
Many have advised newbies to use unique names to stay anonymous, but if you have a website for that "unique" LLC, a quick search will reveal who owns the domain name.
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13 July 2018 | 6 replies
Combined with our use of Land Trusts and an Agent Trust, our asset protection strategy offers anonymity and ideal estate planning services.
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27 February 2019 | 21 replies
WY: anonymity and the charging order are the sole remedy (ie better asset protection statute)Not only this holding is providing these two benefits to all the sub LLC but also, it is the only one filing the tax return as all the sub LLC are disregarded for tax purpose.
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11 June 2023 | 9 replies
Quote from @Stephen Milhoan Jr: An LLC is useful for two things: anonymity and legal protection.
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7 July 2022 | 6 replies
Quote from @Edgar Williams Jr: Is it Smart to use a land trust, for each individual property. and then have the LLC as the trustee/personal representative of all the trusts. then put myself as the beneficiary of the trust If you are looking for anonymity then yes.
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4 September 2022 | 8 replies
Also people will separate all their assets and self manage the properties, which is the easiest form of piercing any corporate protections because you as the manager will be sued which is the one thing tied to all your assets… Oh and anonymity was the other issue.I plan to build and grow much bigger, so I’m just researching and asking questions.
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19 May 2023 | 3 replies
This structure was recommended for anonymity and asset protection purposes.
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15 October 2021 | 2 replies
I gathered all my notes in a 50+ pages document touching on formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials + some diagrams to help you in decisional flow: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-file.You still need to consult a specialist.
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4 February 2019 | 14 replies
. - fiduciary vs functionary - NOD or foreclosure process - state by state(focused on area of desire) - mortgage(Judiciary) vs trustee sale(non-judiciary) states - capital gains vs cash flow - OPM, OPC, OPT, OPMii, OPE - can explain later - entities and general asset protection including llc, llps et al to include land trusts(anonymity tool - no real protection, but great function) - creating, buying, selling and trading notes to include discounts and partials - mobile homes and everything around them - financing, parks, history and opportunity - cash flow monsters - tying up land for monster plays - still learning this, but I share everything I know as time allowsGlad to share more as you are interested.Regards, Coach - Mark Collard