Monday, July 12, 2010
Sunday, May 23, 2010
Monday, May 10, 2010
Real Estate investments LLC
You'll get a lot more money to spend this year - guaranteed. Plus,
he'll show you step by step how to get the maximum asset protection.
The IRS is your major impediment to financial success. Litigation is going
through the roof. With the entitlement attitude in the nation today, either
the government or the "poor" (or both) are hell bent on getting what you've
worked your whole life for. Whether you're a seasoned veteran of corporate
law and LLCs, or you have never used one before, it's time you spent a
minute to sharpen the saw or get started.
LLCs are great legal tools, but the problem is you'll get your LLC at your
favorite lawyer's office or on one of the internet LegalDoom sites, and then
you think the piece of paper you got is going to make money for you or protect
you when you get sued. I don't think so!!
When you get your LLC, you've got to make sure you got what you wanted. Ninety
percent of the time, you're not getting what you think you are, and you almost
never get all you need. Lee recently had one of those SEO nerds come to his office
to talk about designing an internet marketing plan for his new LLC course. The SEO
guru was very smug about his LLC. He had his LLC all handled by his attorney, and
it was air tight. Why would anyone need a course on LLCs?
The guru had only paid $600 for his LLC. He knew the internet LLC set up deals were
exactly that - a set up. So, he had gone to the attorney to get a customized LLC.
He had done it exactly how it should be done, and a course would be a waste of time
in his opinion.
Lee had to describe his LLC course to the guru so he could design the website.
As Lee talked, the SEO guy became visibly uncomfortable. Lee finally stopped
and asked what was wrong. The SEO guy had realized that his "great LLC" was
failing him horribly. He didn't have the asset protection, wasn't getting the
tax advantages, had only half the documentation needed, had never even thought that
the LLC had to be "maintained," and he was now visibly in a total panic. Oh, he was
getting some tax advantages, but not some of the great ones we will go through on the
webinar. By the time Lee got through talking about LLCs, the SEO guru offered to design
the website and do the SEO work in exchange for Lee's course.
Once you've got the paper work (the lawyers and LegalDoom sites never give it all to you),
you've got to know what to do to make it work for you. It's really sad, because the LLCs
are neat legal tools. Nobody ever talks about the "inside out and outside in" asset
protection your LLC can give you. I never heard about it until Lee started to talk
to me about it when I called to ask him to do the webinar. Your advisors only talk
about the "corporate shield," Lee pointed out. The corporate shield of an LLC is the same as a corporation, but that's only half the story.
Lee's students are calling every day with the same story. They have a couple of real estate investments that are really upside down. They are going to lose those
properties. The question is, how can they protect their other "good" real estate
investments and their other types of investments? I'm excited, because on the
webinar, Lee is going to give you a plan so you can protect your assets.
There's just so much to talk about. Join me and Lee R. Phillips on our webinar coming
up on this date & time:
he'll show you step by step how to get the maximum asset protection.
The IRS is your major impediment to financial success. Litigation is going
through the roof. With the entitlement attitude in the nation today, either
the government or the "poor" (or both) are hell bent on getting what you've
worked your whole life for. Whether you're a seasoned veteran of corporate
law and LLCs, or you have never used one before, it's time you spent a
minute to sharpen the saw or get started.
LLCs are great legal tools, but the problem is you'll get your LLC at your
favorite lawyer's office or on one of the internet LegalDoom sites, and then
you think the piece of paper you got is going to make money for you or protect
you when you get sued. I don't think so!!
When you get your LLC, you've got to make sure you got what you wanted. Ninety
percent of the time, you're not getting what you think you are, and you almost
never get all you need. Lee recently had one of those SEO nerds come to his office
to talk about designing an internet marketing plan for his new LLC course. The SEO
guru was very smug about his LLC. He had his LLC all handled by his attorney, and
it was air tight. Why would anyone need a course on LLCs?
The guru had only paid $600 for his LLC. He knew the internet LLC set up deals were
exactly that - a set up. So, he had gone to the attorney to get a customized LLC.
He had done it exactly how it should be done, and a course would be a waste of time
in his opinion.
Lee had to describe his LLC course to the guru so he could design the website.
As Lee talked, the SEO guy became visibly uncomfortable. Lee finally stopped
and asked what was wrong. The SEO guy had realized that his "great LLC" was
failing him horribly. He didn't have the asset protection, wasn't getting the
tax advantages, had only half the documentation needed, had never even thought that
the LLC had to be "maintained," and he was now visibly in a total panic. Oh, he was
getting some tax advantages, but not some of the great ones we will go through on the
webinar. By the time Lee got through talking about LLCs, the SEO guru offered to design
the website and do the SEO work in exchange for Lee's course.
Once you've got the paper work (the lawyers and LegalDoom sites never give it all to you),
you've got to know what to do to make it work for you. It's really sad, because the LLCs
are neat legal tools. Nobody ever talks about the "inside out and outside in" asset
protection your LLC can give you. I never heard about it until Lee started to talk
to me about it when I called to ask him to do the webinar. Your advisors only talk
about the "corporate shield," Lee pointed out. The corporate shield of an LLC is the same as a corporation, but that's only half the story.
Lee's students are calling every day with the same story. They have a couple of real estate investments that are really upside down. They are going to lose those
properties. The question is, how can they protect their other "good" real estate
investments and their other types of investments? I'm excited, because on the
webinar, Lee is going to give you a plan so you can protect your assets.
There's just so much to talk about. Join me and Lee R. Phillips on our webinar coming
up on this date & time:
Sunday, May 9, 2010
Limited Liability Companies
Just met with my financial advisor, and he was amazed at how many LLCs
(also known as Limited Liability Companies) I had.
If you're going to have a business of any size, and especially if you are
going to invest in real estate, you're going to need to know how to protect
yourself and your family by using LLCs.
The one person I trust for advice about LLCs is my good friend Lee Phillips.
He is an attorney, but don't hold that against him. You see, before I met Lee,
I was waiting for the right time to get all of my entities and other stuff set up.
It seems that every time I began to put my business structure together, I would
get confused, frustrated, and then just give up for another year or two...
but you've probably never put off setting up your business before....
Lee is known around the country as the expert who explains legal ease in plain
English that folks like you and I can understand. Most people won't admit it, but
many of them have set their entities up poorly or not at all. Many people have spent
way too much money in the wrong places.
For example, "Bob" (not his real name) had gotten Lee's Accumulation and Preservation
of Wealth set recently in Vancouver, Washington. Bob told Lee that he had just lost
his business, because he had spent $25,000 setting up his LLC and getting all his legal
"stuff" in order before he had opened the doors. He had spent all of his capital on the
lawyers and didn't have any capital left to start his business!
Lee says that this is not at all unusual. According to Lee,"Many people get taken
advantage of by the legal system. It doesn't matter if they get their corporation
or LLC off the internet or from the lawyer, the paperwork is usually the minimum
required by law. The asset protection value of what they get is watered down, and
the good tax benefits just aren't there. Your business is your most important asset
protection barrier and tax shelter... You've got to get this stuff right!"
Done properly an LLC is the best of the tax world and the asset protection world.
Yes, there are reasons to use corporations, but you had better have good reasons
before you get one. If your advisor is talking you into a C corporation, they better
have great arguments, or you're going to get taken by the system again.
Forming the LLC is the easy part. It's the Operating Agreement that has the teeth.
That's where you get your asset protection potential and your tax advantages.
You have the possibility of making a lot more money once you know the tricks and your
LLC papers are done properly. From my experience working with my students, a lot of what
I see others doing doesn't even pass Lee's "Top 5 LLC Mistakes" test that he'll show you
during the webinar. In short, you can't invest safely these days without a properly set
up LLC, and by using a few of Lee's legal loopholes, you'll make a lot more money and a
lot better asset protection without doing any more work than you're doing right now.
You may want to arrive early as the number of connections are limited.
I've had a number of students recently call me up and explain that they are in
financial trouble. They have a home paid off and maybe a piece of real estate or
two paid off. That's the good news.
The bad news is they have six pieces of real estate that are way upside down.
How do they separate their good properties from the bad ones? Are the bad ones
going to destroy the good ones? A corporation can't do it, but an LLC can, if you
do it the way Lee is going to show you.
See how easy it is during the Webinar, Lee's the first person
I've ever found that makes this stuff simple to understand.
By the way, Lee won't have time to talk about his Accumulation and Preservation
of Wealth set on this webinar. This webinar is exclusively about LLCs; how to
set them up; how to get the money making advantages; and how to maximize the asset
protection potential. Did you know that the asset protection an LLC can give you is
a lot better than a corporation? You've never had your advisor tell you that, but it
is very true!!
If you already have an LLC or a corporation and are feeling a little uncertain, don't panic.
It can all be fixed. Lee will cover that in the Webinar.
(also known as Limited Liability Companies) I had.
If you're going to have a business of any size, and especially if you are
going to invest in real estate, you're going to need to know how to protect
yourself and your family by using LLCs.
The one person I trust for advice about LLCs is my good friend Lee Phillips.
He is an attorney, but don't hold that against him. You see, before I met Lee,
I was waiting for the right time to get all of my entities and other stuff set up.
It seems that every time I began to put my business structure together, I would
get confused, frustrated, and then just give up for another year or two...
but you've probably never put off setting up your business before....
Lee is known around the country as the expert who explains legal ease in plain
English that folks like you and I can understand. Most people won't admit it, but
many of them have set their entities up poorly or not at all. Many people have spent
way too much money in the wrong places.
For example, "Bob" (not his real name) had gotten Lee's Accumulation and Preservation
of Wealth set recently in Vancouver, Washington. Bob told Lee that he had just lost
his business, because he had spent $25,000 setting up his LLC and getting all his legal
"stuff" in order before he had opened the doors. He had spent all of his capital on the
lawyers and didn't have any capital left to start his business!
Lee says that this is not at all unusual. According to Lee,"Many people get taken
advantage of by the legal system. It doesn't matter if they get their corporation
or LLC off the internet or from the lawyer, the paperwork is usually the minimum
required by law. The asset protection value of what they get is watered down, and
the good tax benefits just aren't there. Your business is your most important asset
protection barrier and tax shelter... You've got to get this stuff right!"
Done properly an LLC is the best of the tax world and the asset protection world.
Yes, there are reasons to use corporations, but you had better have good reasons
before you get one. If your advisor is talking you into a C corporation, they better
have great arguments, or you're going to get taken by the system again.
Forming the LLC is the easy part. It's the Operating Agreement that has the teeth.
That's where you get your asset protection potential and your tax advantages.
You have the possibility of making a lot more money once you know the tricks and your
LLC papers are done properly. From my experience working with my students, a lot of what
I see others doing doesn't even pass Lee's "Top 5 LLC Mistakes" test that he'll show you
during the webinar. In short, you can't invest safely these days without a properly set
up LLC, and by using a few of Lee's legal loopholes, you'll make a lot more money and a
lot better asset protection without doing any more work than you're doing right now.
You may want to arrive early as the number of connections are limited.
I've had a number of students recently call me up and explain that they are in
financial trouble. They have a home paid off and maybe a piece of real estate or
two paid off. That's the good news.
The bad news is they have six pieces of real estate that are way upside down.
How do they separate their good properties from the bad ones? Are the bad ones
going to destroy the good ones? A corporation can't do it, but an LLC can, if you
do it the way Lee is going to show you.
See how easy it is during the Webinar, Lee's the first person
I've ever found that makes this stuff simple to understand.
By the way, Lee won't have time to talk about his Accumulation and Preservation
of Wealth set on this webinar. This webinar is exclusively about LLCs; how to
set them up; how to get the money making advantages; and how to maximize the asset
protection potential. Did you know that the asset protection an LLC can give you is
a lot better than a corporation? You've never had your advisor tell you that, but it
is very true!!
If you already have an LLC or a corporation and are feeling a little uncertain, don't panic.
It can all be fixed. Lee will cover that in the Webinar.
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