Anderson and Carl was recommended to us for the best place to get expert real estate professional education! We realize we could not afford to pay specialists like Clint, Toby and Carl for everything we need to learn to really be a professional and not a liability. Anderson’s platinum program provides super educational value because of Carl’s attitude and management! Many thanks!!!❤
🎯 Key Takeaways for quick navigation: 00:00 📋 The episode discusses best practices for structuring joint venture deals, emphasizing the importance of understanding the type of income generated by the business. 00:57 💼 When dealing with active income or services-based businesses, setting up an LLC owned by both your corporation and your partner's corporation can help ensure proper income flow for tax purposes. 01:27 🏢 For passive investing, like a joint venture involving real estate, creating an LLC in the state where the property is located is recommended. This state-specific LLC can be owned by holding companies, offering potential tax advantages. 03:32 🛡️ Maintaining a well-structured entity is crucial. Avoid going "rogue" with investments outside of the structure, as it can lead to complications. Staying engaged with education opportunities and seeking advice when dealing with new or unusual deals is advised. 04:01 📢 The episode concludes by encouraging viewers to like, subscribe, and share the content for broader dissemination and benefiting from the information provided. Made with HARPA AI
How about a best practices for structuring a joint venture deal when the partners are one and the same person? I'm working on getting my business started which was intended to be one entity but because of insurance companies not offering coverage for two "industries" in one company I may have to split them. My problem is that the software crm, employees, website, materials, are all intended to be shared as they'll potentially be intermingled at the same job site in a service industry. Joint venture seems to be the only way to do this?
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/carlss
@coffeewithcarlaba since this post I have been able to find an insurance company that would do both so I didn't have to jump thru all the hoops. Thanks tho!
![✅ Structure A JOINT VENTURE Contract Correctly! [Property Development Tips!]](/img/n.gif)
Anderson and Carl was recommended to us for the best place to get expert real estate professional education! We realize we could not afford to pay specialists like Clint, Toby and Carl for everything we need to learn to really be a professional and not a liability. Anderson’s platinum program provides super educational value because of Carl’s attitude and management! Many thanks!!!❤
🎯 Key Takeaways for quick navigation:
00:00 📋 The episode discusses best practices for structuring joint venture deals, emphasizing the importance of understanding the type of income generated by the business.
00:57 💼 When dealing with active income or services-based businesses, setting up an LLC owned by both your corporation and your partner's corporation can help ensure proper income flow for tax purposes.
01:27 🏢 For passive investing, like a joint venture involving real estate, creating an LLC in the state where the property is located is recommended. This state-specific LLC can be owned by holding companies, offering potential tax advantages.
03:32 🛡️ Maintaining a well-structured entity is crucial. Avoid going "rogue" with investments outside of the structure, as it can lead to complications. Staying engaged with education opportunities and seeking advice when dealing with new or unusual deals is advised.
04:01 📢 The episode concludes by encouraging viewers to like, subscribe, and share the content for broader dissemination and benefiting from the information provided.
Made with HARPA AI
We are grateful for Carl’s generous and welcoming attitude in giving so much value to Anderson’s platinum members.
How about a best practices for structuring a joint venture deal when the partners are one and the same person? I'm working on getting my business started which was intended to be one entity but because of insurance companies not offering coverage for two "industries" in one company I may have to split them. My problem is that the software crm, employees, website, materials, are all intended to be shared as they'll potentially be intermingled at the same job site in a service industry. Joint venture seems to be the only way to do this?
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/carlss
@coffeewithcarlaba since this post I have been able to find an insurance company that would do both so I didn't have to jump thru all the hoops. Thanks tho!