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.