Real Estate Asset Protection I hate California. We have been taken over. Could you do a video for what Californians should do in these situations? We are the most populous state and although they are leaving, there are a lot of people here with money. Many of them are new wealthy or high income.
@@ClintCoons Can you please explain how it would need to be structured? My CPA thinks it is not possible to pay the franchise tax without first registering it as a foreign LLC because it needs an ID number to apply it to.
Can a Wyoming LLC be a general partner of any out of state limited partnership & still preserve its anonymity, charging order protection s and asset protection with no conflict of interest ?
I only invest in multi-family apartment syndications as a limited partner, meaning I'm not a general partner or sponsor is there still an advantage to invest as an entity rather than in my personal name?
This has more to do about taxation than the form of the entity. An LLC can elect to be treated as a C corporation thus, the real question might be do you want the C tax status or flow through. If you are crowd funding typically this structure would be an LLC treated as a partnership for tax purposes. You could set up a second entity to serve as a manager of the CF LLC. This second entity could be the C corporation. You should definitely set up a strategy session to explore your business planning further.
Real Estate Asset Protection I would love to set up a strategy session. I have talked to many people about how to structure this and it’s all different opinions.
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How long will you keep taking loans? Aren’t distribution judgements for ever?
Thank you for addressing topics of important immediate concern to your platinum members!
Any time!
Thank you for sharing your expertise! We like your clear and focused presentations!
My pleasure!
Amazing information
Thanks
Will this structure work in CA ? Dont I have to register that WY LLC in CA where there is no charge order protection Clint ?
You do not have to register the LLC in CA but you may have to file a franchise tax return and pay $800 a year depending on how you are structured.
Real Estate Asset Protection I hate California. We have been taken over. Could you do a video for what Californians should do in these situations? We are the most populous state and although they are leaving, there are a lot of people here with money. Many of them are new wealthy or high income.
@@ClintCoons Can you please explain how it would need to be structured? My CPA thinks it is not possible to pay the franchise tax without first registering it as a foreign LLC because it needs an ID number to apply it to.
Does it matter if the Wyoming LLC has one or two members? So LLC can be taxed as partnership rather than disregarded? Thanks for sharing!
The number of members will determine how the LLC is taxed. 2 or more and it will not be a disregarded entity with one exception.
THANK YOU!
You're welcome!
Can a Wyoming LLC be a general partner of any out of state limited partnership & still preserve its anonymity, charging order protection s and asset protection with no conflict of interest ?
It can be a general partner but depending on the state where the LP is registered the WY LLc may have to foreign file in the state.
I only invest in multi-family apartment syndications as a limited partner, meaning I'm not a general partner or sponsor is there still an advantage to invest as an entity rather than in my personal name?
Yes asset protection for your distributions.
What if I am a passive investor, can I put the interest under my name since I should be protected already right under the entity LLC?
Yes you can but using an LLC protects your distributions in the event of a personal judgement.
the man, the legend
Hah
I love this Clint guy!! lol Loansss...
Lavon Woods
Thanks for watching.
👊👊
Wow. This is great information. Relevant and precise. Thank you, again! - Felix
Glad it was helpful!
Would you go with the LLC over the C Corp for crowdfunding with Real Estate investing?
This has more to do about taxation than the form of the entity. An LLC can elect to be treated as a C corporation thus, the real question might be do you want the C tax status or flow through. If you are crowd funding typically this structure would be an LLC treated as a partnership for tax purposes. You could set up a second entity to serve as a manager of the CF LLC. This second entity could be the C corporation. You should definitely set up a strategy session to explore your business planning further.
Real Estate Asset Protection I would love to set up a strategy session. I have talked to many people about how to structure this and it’s all different opinions.
@@scott3237 Here is the link to schedule a strategy session: @t
@@scott3237 You can schedule a strategy session with the link in the show notes.
Wouldn't entity has to be worth 5Million to be part of a syndication, instead of accredited investor as a person?
No you can look through to the member and if the member is accredited the entity can invest.
Can I put my IRA's and 401k in a LLC?
Yes IRAs and 401ks can invest into LLCs but the rules are very technical and you should seek guidance before making such an investment.