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1879: Most Overlooked Facet of Asset Protection! Veil Not Fail - Garrett Sutton, Rich Dad Advisor
Manage episode 337065565 series 2294384
The most overlooked facet of asset protection is actually one of the easiest! Jason Hartman invites Rich Dad Advisor Garrett Sutton to talk about the ongoing requirements to keep your corporation or LLC current in good standing. If you fail to follow these simple rules, a court can pierce through the corporation or LLC, also known as “the corporate veil,” and get at your personal assets. Garrett advises you to be aware of The Corporate Transparency Act and talks about his new book - Veil Not Fail: Protecting Your Personal Assets from Business Attacks.
About Garrett Sutton, Esq.
Garrett assists entrepreneurs and real estate investors from around the world to protect their assets and maximize their financial goals through sound management and asset protection strategies. Garrett is highly sought after as a guest speaker and serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki.
Key Takeaways:
0:00 Join Empowered Investor Pro today!
1:35 Jason Hartman reports the latest housing inventory numbers
4:15 The Fed is trying to cool the market
4:49 Personal Banking, mortgage, syndication and 1031 exchange workshops
6:45 Welcome Garrett Sutton, Rich Dad Advisor, attorney and successful author
7:28 Keeping your corporation or LLC current in good standing
9:06 Piercing the corporate veil succeeds in 50% of all cases
13:15 Signing documents on behalf of the entity with your title
16:49 Paying fees to maintain your entity
17:41 Best states for asset protection and managing your LLC
21:52 How the Communist Party in SF almost got away with taking over private companies
24:09 Legal battles within families
26:00 The Corporate Transparency Act
28:02 Fraud and abuse with our current system
29:59 FBI, spying, privacy issues and banking regulations
32:39 Civil forfeiture
34:35 More regulations from Congress
37:44 New reporting rules for setting up an entity - what you must know
39:16 LLCs - S selection to be taxed as an S corp
41:15 Filing a C corp
41:59 Writing off health care premiums
44:17 Asset protection for a C corp
45:34 Asset protection laws
46:38 Get Garrett’s new book - Veil Not Fail: Protecting Your Personal Assets from Business Attacks (Rich Dad Advisor Series)
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Learn More: JasonHartman.com
Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals
Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper
Free Report on Pandemic Investing: PandemicInvesting.com
Jason’s TV Clips in Vimeo
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect
Special Offer from Ron LeGrand: JasonHartman.com/Ron
What do Jason’s clients say? JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
Jason Hartman’s Extra YouTube Channel
Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel
2037 episodi
Manage episode 337065565 series 2294384
The most overlooked facet of asset protection is actually one of the easiest! Jason Hartman invites Rich Dad Advisor Garrett Sutton to talk about the ongoing requirements to keep your corporation or LLC current in good standing. If you fail to follow these simple rules, a court can pierce through the corporation or LLC, also known as “the corporate veil,” and get at your personal assets. Garrett advises you to be aware of The Corporate Transparency Act and talks about his new book - Veil Not Fail: Protecting Your Personal Assets from Business Attacks.
About Garrett Sutton, Esq.
Garrett assists entrepreneurs and real estate investors from around the world to protect their assets and maximize their financial goals through sound management and asset protection strategies. Garrett is highly sought after as a guest speaker and serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki.
Key Takeaways:
0:00 Join Empowered Investor Pro today!
1:35 Jason Hartman reports the latest housing inventory numbers
4:15 The Fed is trying to cool the market
4:49 Personal Banking, mortgage, syndication and 1031 exchange workshops
6:45 Welcome Garrett Sutton, Rich Dad Advisor, attorney and successful author
7:28 Keeping your corporation or LLC current in good standing
9:06 Piercing the corporate veil succeeds in 50% of all cases
13:15 Signing documents on behalf of the entity with your title
16:49 Paying fees to maintain your entity
17:41 Best states for asset protection and managing your LLC
21:52 How the Communist Party in SF almost got away with taking over private companies
24:09 Legal battles within families
26:00 The Corporate Transparency Act
28:02 Fraud and abuse with our current system
29:59 FBI, spying, privacy issues and banking regulations
32:39 Civil forfeiture
34:35 More regulations from Congress
37:44 New reporting rules for setting up an entity - what you must know
39:16 LLCs - S selection to be taxed as an S corp
41:15 Filing a C corp
41:59 Writing off health care premiums
44:17 Asset protection for a C corp
45:34 Asset protection laws
46:38 Get Garrett’s new book - Veil Not Fail: Protecting Your Personal Assets from Business Attacks (Rich Dad Advisor Series)
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Learn More: JasonHartman.com
Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals
Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper
Free Report on Pandemic Investing: PandemicInvesting.com
Jason’s TV Clips in Vimeo
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect
Special Offer from Ron LeGrand: JasonHartman.com/Ron
What do Jason’s clients say? JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
Jason Hartman’s Extra YouTube Channel
Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel
2037 episodi
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