AIPIS 127 – Asset Protection Laws LLCs, B Corp & Trusts with Garrett Sutton Adviser to ‘Rich Dad’ Author Robert Kiyosaki

As you are building your real estate portfolio you need to make certain you are managing and protecting your assets to the best of your ability. Garrett Sutton joins Jason today to discuss the relatively new Benefit Corporation, also known as the B-corp. He also shares changes in state taxes and how they affect Single Member LLCs and Multiple Member LLCs. They touch on the best states to incorporate in and the benefits of a trust vs. a living trust. Garrett offers a special bonus to listeners of the show.

Key Takeaways:

[2:59] The Benefit Corporation

[8:06] An LLC carries a charging order protection for real estate asset protection

[11:54] The protection of Single Member LLCs in Wyoming and Nevada is degrading

[13:24] An irrevocable asset protection trust

[16:04] A trust protects assets and is managed by trustees, but a living trust does not

[19:47] Problems with the bureaucracy of California and changes in taxes

[26:50] Registered agents should file paperwork promptly

[28:17] Delaware has a strong body of case law due to being the home of most Fortune 500’s

[30:26] Contact information for Garrett - mention Jason’s name and get a $100 discount

[31:56] Garrett’s advice is to stay up-to-date and have a trusted advisor

Mentions:

Hartman Media

Sutton Law Center

Loopholes of Real Estate

Rich Dad