The Biggest Mistake Investors Make With LLCs

Most real estate investors think insurance is enough to protect them.It is not.And if you own property in an LLC right now — there is a new federal law with a $10,000 fine and up to two years in jail that most investors have never heard of.Today's guests are here to change that.---Garrett Sutton and Ted Sutton | Corporate Direct | Asset Protection AttorneysGarrett is a Rich Dad Poor Dad advisor for Robert Kiyosaki and a leading expert on LLCs and asset protection. Ted is a licensed attorney in Wyoming, Nevada, and Texas specializing in corporate law and compliance.---Why Insurance Alone Is Not EnoughInsurance can be denied or underpaid. The second line of defense is an LLC holding title to your property. A lawsuit can only reach what is inside the LLC — not your personal assets.---The Wyoming LLC Structure Every Investor Should KnowHold title in a state LLC — then have it owned by a Wyoming LLC. Wyoming's charging order means creditors cannot force a sale. They can only lien distributions. Most contingency attorneys walk away rather than wait.---The Biggest Mistake Investors Make With LLCsSetting one up is not enough. You must transfer title into the LLC, maintain a separate bank account, have an operating agreement, hold annual meetings, and follow all ongoing formalities. Fifty percent of people who get sued lose LLC protection because they skipped these steps.---The Corporate Transparency Act — What Every LLC Owner Must KnowThis is the most significant corporate law passed in 40 years. If you own an LLC you must file beneficial ownership information with the federal government. Miss the deadline and the penalty is $10,000 and up to two years in jail. Corporate Direct files this for clients for $250 and tracks all ongoing update requirements.---Books by Garrett SuttonStart Your Own Corporation and Loopholes of Real Estate — both part of the Rich Dad Advisor series.---Connect with Garrett and Ted SuttonWebsite: ⁠corporatedirect.com⁠Free 15-minute consultation available — reach out at least one month before closing on a property.---Full episode on the Moonlight Real Estate Side Hustles and Syndication Show with Eric Lindsey.👉 Mastermind Group: ⁠https://www.facebook.com/share/g/187opx1PyD/⁠👉 YouTube: ⁠https://www.youtube.com/@Realestatesidehustleoperations⁠Free e-book: ⁠https://moonlightcre.com/ebook_download/⁠Website: ⁠https://moonlightcre.com/⁠Schedule a call: ⁠https://calendly.com/moonlightequitiesgroup/scheduled-conversation⁠Learn more: ⁠https://linktr.ee/ericlindsey⁠Financial security over job security — always.#RealEstateSideHustle #MoonlightRealEstate #PassiveIncome #PassiveInvesting #RealEstateSyndication #SideHustle #W2Investor #RealEstateInvesting #FinancialSecurity #WealthBuilding #RealEstatePodcast #ApartmentSyndication #RealEstateInvestor #FinancialFreedom #BuildingWealthOnTheSide