Why you might need more than an LLC to protect yourself

Ken McElroy Show

Ken McElroy

Education, Business News, Business, Investing, News

4.7 • 712 Ratings

🗓️ 9 March 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Limited liability companies are popular ways to hold real estate. There are many advantages to this type of legal structure, but it is important to know that LLCs have some drawbacks as well. In this video, Ken and Danille talk with Brian Bradley to go over some of the most important things you need to know about limited liability companies and how they work.To learn more about Brian visit his website at: https://btblegal.com/Gain access to weekly real estate updates, mini-courses, sample forms, and more by signing up for a FREE Membership: https://www.kenmcelroy.com/free-member•Visit Ken's Bookstore: https://kenmcelroy.com/books/•ABOUT KEN:Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.Ken's company: https://mccompanies.com/• DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites.All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates. © 2021 KenMcElroy.com, LLC. All Rights Reserved.#kenmcelroy #RealEstate Investing #LLC

Transcript

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0:00.0	Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything
0:07.8	real estate with the industry's biggest movers and shakers.
0:11.3	I'm your host, Ken McElroy, joined by my co-host, Danielle.
0:15.5	Let's get right into this episode.
0:17.6	So today, we are talking to a attorney, Brian Bradley, on asset protection. Yeah, I know.
0:24.6	I'm excited to have him on because a lot of guys, attorneys, focus on LLCs as asset protection
0:30.5	only. But he takes it up to another level. And he was a litigator. So he used to go after people with assets and try to figure out
0:40.1	you know how to get to their assets and and basically pierce the corporate veil and get in
0:45.5	and get that money for his clients and so then he flipped on it and decided to do asset
0:50.9	protection with everything that he's learned.
0:54.3	So I'm excited to have them on.
0:55.5	I do have to warn our listeners, though.
0:57.7	You need to get a pen and some paper for this because it is highly informative and you're
1:02.6	going to definitely want to take notes.
1:03.9	Yeah, you guys, this is one of those things that we're going to have some charts and some
1:07.4	graphs up there for you.
1:08.7	It's highly legal.
1:10.3	I mess around with the stuff all day long
1:12.9	and and um i know that you know these sometimes these can be complicated well i know this is a topic
1:18.5	that a lot of people you know kind of like brian says you know they don't worry about it until
1:23.3	they have to worry about it and this is kind of something you actually want to set up now so if there's ever a time where you need to worry about it. And this is kind of something you actually want to set up now. So if there's ever a time where you need to worry about it,
1:30.2	it's all set up correctly.
	...

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