Choice of Entity & Taxes (Part I)
Tuesday, October 29th, 6 pm CST]
You might have heard of John Hyre;s 10 day master class in the Caribbean over the past few years. He has had a lot of request for it to be virtual, so this is the year to attend from anywhere.
Each of the Eight 2-hour classes will have a Topic with Presentation and Lots of Q & A and Discussion.
Non-Entity Asset Protection:
Not getting sued, winning if you do, making sure insurance pays if needed, how good settlements occur. These topics are not covered often enough.
LLC, LP, LLP, S-Corporation, C-Corporation, Series LLC, Land Trust?
We'll discuss which one(s) fit(s) you for tax purposes (any asset protection is a bonus). In detail. Selecting the correct entity can save you millions in taxes. The wrong one...will cost.
We discuss "WHY" in detail. I want you to have answers AND to understand WHY a given entity or structure is correct for YOU. That way you'll know how to question & reason through others' "advice" (e.g., NV & UT "asset protection gurus")
Where to set up your entities? Nevada? Delaware? Wyoming? Home state?
Holding companies:
What they are, what they do, what they don't do, when they do & do not make sense. For example, holding companies should NOT also act as "management companies" or pay bills on behalf of other entities. We'll discuss "why".
Management companies – when they make sense & when they do not. T
hese are WAY oversold by the Nevada/Utah crowd. They often create a lot of work and little benefit. Sometimes they offer large, worthwhile benefits. We'll address both scenarios.
Keeping it simple in the beginning...and when to start adding entities to your structure.
How many entities? One per property? (Hint: Generally not a good idea, we'll of course discuss "why" that is).
How to properly maintain an entity
80%+ of small businesses fail at this key task and are ripe for "piercing the corporate veil". We will take some serious time on this very overlooked issue.
We'll compare Limited Liability Companies to No Liability Companies.
When C-Corporations make sense – and when they do not. Lots of myths out there.
Equity stripping....
when does it backfire (and it does)?
Series LLC's...
not necessarily as advertised (shocking, I know).
Limited Partnerships are mostly just for Canadians nowadays –
we'll discuss why that is no joke (Sorry South Park and polite northern neighbors).
When do S-Corps work?
What are they good for? Many of you are running them in a way that kills both the tax benefits and the asset protection.
Rollover Business Start-Ups (ROBS) – my favorite tax tool,
The One to Rule Them All (no Nazgul, I promise). Work for a C-Corp owned by your Roth 401k, take a salary (or not). Pay 21% tax, make the Roth 401k Huge. I have clients who shall save 8-figure sums using this tool.
Stop it with the "Inter-Company Loans" and "Due to/Due From Accounts"
- they will cause harm for both tax and asset protection purposes. We'll discuss the correct way to move money between entities.
Which entity for
Rentals? Sub2's? Airbnb's? Flips? Lease Options? Lending? Buying notes at a discount? And "other"...
Offshore Entities ...and yes, sometimes they do actually make sense.
They also have limitations, we'll cover those too.
As usual, lots of Q&A
Note: I am no longer available to hire, even at my prior $1,000/hour rate.
What is essentially a "Rent-A-Family-Office" has hired me full-time for a much larger sum...
after I helped save them very large amounts on taxes.
Presently, the only way to ask me questions or have a discussion
is via the two or three classes I present per year.
I wish I had the bandwidth for more. I do not.
SCHEDULE (The website has more detailed descriptions)
I. Choice of Entity & Taxes (Part I)
Tuesday, October 29th, 7pm EDT
II. Choice of Entity & Taxes (Part II)
Tuesday, November 12th, 7pm EST
III. Asset Protection (Basics & Charging Orders)
Tuesday, November 19th, 7pm EST
IV. Piercing & Maintenance (Part I)
Tuesday, November 26th, 7pm EST
V. Piercing & Maintenance (Part II)
Tuesday, December 3rd, 7pm EST
VI. Foreign & Domestic Asset Protection Trusts, Land/Personal Property Trusts, Holding Income Producing Assets vs Operating Companies
Thursday, December 5th, 7pm EST
VII. Q&A and Open Discussion
Tuesday, December 10th, 7pm EST
VIII. Q&A and Open Discussion
Thursday, December 12th, 7pm EST
Want in . . . well John has partnered with us here at MAREI to allow you to sign up for his class through us and we will earn a bit of a referral fee from this sign up. We highly recommend getting the Master Class he offered a HUGE Discount for those attendees who have already spent 6 hours with him.
If you missed the Master Class we have the replay here and it's only $47 for members of MAREI: Get Master Class
John also taught a 6 hour Master Class for us in September, we highly recommend purchasing that and watching the reply BEFORE signing up for this Eight Day Event. If you missed the Master Class we have the replay here and it's only $47 for members of MAREI: Get Master Class