How To Create An LLC For Rental Properties (Asset Protection)

Clint Coons Esq. | Real Estate Asset Protection

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In this video, I share how to create an LLC for rental properties and provide some helpful tips. If you're interested in starting your own business and owning rental properties, you may be interested in learning how to create an LLC for rental properties.
Learn more about how to become anonymous AND appear as if you own nothing at our next Free Tax & Asset Protection Workshop. Save Your Seat: aba.link/945123
"When I set up the structure, one of the things I want to ensure is that the client is put in the positions where they have apparent authority over their limited liability company." 12:08
By creating an LLC for rental properties, you'll have a legal structure in place that will help protect your investment. You'll also be able to access the private equity market, which can help you grow your investment over time.
LLCs are a great way to protect your assets and keep your finances safe. By creating an LLC for your rental properties, you'll keep your money safe, and property owners will be in the hands of qualified individuals. This is a great way to start property investing and protect your assets!
An LLC is a popular way to structure and protect rental property investments. By creating an LLC for your real estate investments, you can protect yourself from liability, reduce taxes, and limit personal exposure to lawsuits.
If you want to start your own rental property business, this video is for you! I'll show you step-by-step how to create an LLC and how to fund your rental property through the LLC.
Watch our video to learn more about LLCs and how to use them to protect your rental property investments.
Like, comment, and subscribe to the channel for more great content like this! Enjoy and share this video with your friends!
Show Notes:
0:00 Intro
0:22 Location
3:32 Types of Entities
4:30 Anonymity
8:00 Creating New LLCs
11:48 Setting-Up
17:05 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#assetprotection #clintcoons

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30 июл 2024

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Комментарии : 195

@ClintCoons Год назад

Join us for our next Free Tax & Asset Protection Workshop Live stream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/945123

@SantoshSitaula 2 месяца назад

Very good information! Thank you for explaining it so well. I have a quick question. What should someone do, if - They live in California - Have a rental property in TX If Wyoming LLC is created, does this person has to file anything in California (resident state)? Business (rental property) is in TX.

@tangodown2721 7 месяцев назад

This is the only video after watching a TON that addressed how to setup the management structure correctly...thank you

@ClintCoons 7 месяцев назад

Awesome.

@melted.minds. 4 месяца назад

this is s MUST SEE for people learning about real estate investing! thank you so much for clarifying all the points in this video!!

@John-bx6if 5 месяцев назад

Outstanding job Gents!

@maha-rf5pw 7 месяцев назад

This has clarified the questions i have. Thank you so much!

@ClintCoons 7 месяцев назад

Glad it was helpful!

@klitsuk 10 месяцев назад

Clint you’re great. Thanks a lot!

@ClintCoons 10 месяцев назад

My pleasure!

@klitsuk 10 месяцев назад

@@ClintCoons Do you deal with non-US investors? (Im looking to invest and I really liked the strategies you have demonstrated to protect in/out assets and also save taxes. However in my case I want to make sure Im not saving on US taxes and at the same time pay in my country)

@humangoodness Месяц назад

Very knowledgable!!! Thank you

@taishahaywood9102 Год назад

Thank you for video!!

@ClintCoons Год назад

Welcome!

@ELTIBURONTUBE 11 месяцев назад

Thanks for the great information

@ClintCoons 11 месяцев назад

You bet!

@MannyZepeda-jx2wb 10 месяцев назад

How come you never talk about setting up an LLC in New York? I would love some information. I love your videos, I’m so happy I came across them.

@ClintCoons 10 месяцев назад

Setting up a NY LLC is akin to setting up an LLC in Montana, you would set it up to hold property in the state of NY. The WY LLC will be its member. BTW NY just passed a transparency law requiring the disclosure of LLC members. Might want to consider a limited partnership in NY.

@starmaster9771 11 месяцев назад

Great video as always! Could you explain how the Unrecorded Deed works to limit transfer tax if your property is in PA?

@Cristian-hu9bx 5 месяцев назад

I'm looking to know as well.

@DJTrinivibes4U 7 месяцев назад

You a legend !!!! Thanks

@ClintCoons 7 месяцев назад

😄

@makiavelli6101 23 дня назад

I have a sneaking suspicion that I will be using you folks' services in the future after I receive an inheritance of many properties via a trust. Yourself and Toby are giving master level classes on these topics that you cover.

@ClintCoons 23 дня назад

Thanks

@surfcruzer Год назад

Your info is always greatly appreciated.

@ClintCoons Год назад

Glad you think so!

@JimmyHFinancial Год назад

Hello Clint, been wstching a lot of ypur videos about LLC... I will be contacting you soon about my setting one up..

@ClintCoons Год назад

Fantastic!

@emiliogiler Месяц назад

I need to make an appointment with you guys, I’m just starting to do short term rental and I had know idea this was a thing.

@ClintCoons Месяц назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/clintss

@user-wm2bm2ev2j Год назад

Thank you for such great informative videos! How would you set up an LLC in NY or NJ?

@ClintCoons Год назад

I would set it up as member managed by a WY LLC for anonymity.

@jessemartinez1105 8 месяцев назад

Thanks for posting Clint. What type of LLC do you recommend for residential rental property in Indiana?

@ClintCoons 8 месяцев назад

I set mine up as member managed by my WY LLC.

@hisserver 3 месяца назад

Another great video Clint thank you for the information. Can you state another reason why Wyoming LLC holding company should be set up as a partnership other than being able to use income when applying for financing under the holding LLC. Trying to avoid schedule K fighting by setting up the Wyomi , single member LLC not to complicate my return

@ClintCoons 3 месяца назад

Reduce your risk of audit.

@mikefenton4461 3 месяца назад

@ClintCoons I have watched quite a bit of your content. I am looking to purchase first rental in Texas. My understanding of your approach is to setup WY LLC with my wife and I creating a partnership (plan to add to portfolio), then create TX Series LLC. Purchase first property in our names, place in a Land Trust then move property to TX cell. If I have fully understood your recommendations? I have the cash to put down 25%-30% of down payment, but I rather put as little down as needed. Any recommendation on financing option? Great content!

@ClintCoons 3 месяца назад

Look for a DSCR loan

@Leaders_Legends 3 месяца назад

Awesome video. I'm in Florida in a townhouse attached to 3 other townhouses & curious if I should do an LLC or Land Trust as i still pay a mortgage?

@ClintCoons 3 месяца назад

No question - a land trust

@tangodown2721 7 месяцев назад

Final question. The WY-LLC would you elect it for s-corp taxation if your doing more traditional sales out of the operating LLC? For real estate it may not make sense. But for companies with traditinal cash flow the s-corp election would be beneficial?

@ClintCoons 7 месяцев назад

Yes that would traditionally make sense.

@taishahaywood9102 Год назад

Could you PLEASE do a video on the new transparency act BOI (starting 1/1/2024). What happens to anonymity for Delaware, Wyoming, Nevada and New Mexico? What are options to stay anonymous?

@ClintCoons Год назад

Here is my site: cta.andersonadvisors.com/

@Cristian-hu9bx 5 месяцев назад

Your anonymity is still there in terms of private citizens or businesses trying to find you. The process for setting up a LLC involves you getting a EIN from the federal govt IRS department. Now with the new law a second government agency will know who you are. Anonymity is still there because the new law doesn't make your information available to the public only government agency.

@luciengp 3 месяца назад

Thanks for this video. What if I had property abroad e.g. Thailand? What structure could be best for tax purposes?

@ClintCoons 3 месяца назад

Not sure. That would be country specific.

@moonlight1211sun Год назад

Hello Clint, I learned a lot from your videos, really appreciate you for sharing it, my husband and I currently owned few rental properties in FL in our one LLC, I also registered couple Wyoming LLCs in hand, the properties we own free and clear, shall we transfer them to different LLCs, or we should create land trust for each property?

@ClintCoons Год назад

Do you plan to pull any cash out of the properties? If so then I would use a separate land trust, otherwise I would move each property into a separate LLC held by a holding LLC. If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@yyss4703 8 месяцев назад

Great video, If I have rental properties in Illinois and in Indiana with personal mortgage, what structural should I use? Do to transfer them with title insurance valid? thank you.

@ClintCoons 8 месяцев назад

I would use separate LLCs held by a WY holding LLC. If your mortgages are not owned by Freddie or Fannie then you may also consider using a land trust.

@Just4Meek 4 месяца назад

Clint, what type of LLC do you recommend to set up for property in the state of VA?

@hisserver 9 месяцев назад

Excellent information, thank you! Please advise how not to trigger transfer tax moving property from the owner names - husband and wife to a SM LLC, property in Pennsylvania. Does the transfer to a land trust in PA sill triggers transfer tax in PA?

@ClintCoons 9 месяцев назад

Yes it does. Only way is to use a pocket deed.

@kevinbush4464 11 дней назад

@@ClintCoons By pocket deed do you mean a deed notarized and put away for safe keeping to be used if the property has an adverse event?

@jetc9120 6 месяцев назад

Can you do a video about LLC rental property in Hawaii? How it works with the Wyoming LLC set up.

@ClintCoons 6 месяцев назад

It is the same as any other state. I have used both in Hawaii and I prefer the land trust for my holding.

@jetc9120 6 месяцев назад

Would it be safe to safe to put my property in a land trust first then Wyoming LLC?

@ellenoir5678 Год назад

Good afternoon coach Clint

@Lt_Jordan93 2 месяца назад

Can you please make a video of the anonymity/asset protect set up for a 1st long term rental property in Alabama?

@ClintCoons 2 месяца назад

The strategy for AL is a WY LLC to own Wyoming Statutory Trust or land trust.

@Lt_Jordan93 Месяц назад

For the WY land trust, is the trustee going to be the WY LLC and myself the beneficiary?

@stevem0601 2 месяца назад

Clint, great stuff! Been leveraging your guidance as my wife and I start the journey. Have not made any purchases yet. As such, I have Wyoming LLC process started. Looking to make first purchase preferably in PA (close to home). Any recommendations on structure for PA LLC? You mentioned unrecorded deed, but I am not transferring anything in. I am thinking member managed, with my wife and I as officers. Thoughts?

@ClintCoons 2 месяца назад

Do you plan to use financing or cash?

@stevem0601 2 месяца назад

@@ClintCoons - thanks for quick reply. Financing, probably portfolio lender.

@user-vu3ee8jl5n 2 месяца назад

Hi Clint, great video as always! I have a quick question, for a Missouri LLC owned by a Wyoming close llc would the Missouri LLC that the property is in, be better to have as a member-managed or manager-managed LLC, and why? Thank you!

@ClintCoons 2 месяца назад

Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide with you an answer that is unique to your situation. Visit: aba.link/e28eae

@user-vu3ee8jl5n 2 месяца назад

@@ClintCoons I have booked it. Look forward to speaking!

@justjoel4712 8 дней назад

Hi Clint, It's a great stuff man, appreciate your knowledge. My questions are 1. Can I do all this process from India hiring online services. 2. In which sector I should register my LLC, I mean is it necessary to register in Real Estate sector? or I can go for any other sector? Kindly reply me. Thank you!

@ClintCoons 6 дней назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/clintss

@Degengeo 2 дня назад

Great video, new subscriber! I have just recently opened 2 LLCs to purchase properties subject to and have the LLCs become the owners. The LLCs are subsidiaries of a WY holding company who registers as the owner of the LLCs. I am in FL and based on your video i shouldve instead opened up Land Trusts and not LLCs is that correct? Will you please elaborate more? Thank you very much for your time

@ClintCoons День назад

Who recommended you set up LLCs in FL to buy property subject to? Here is a video I released on FL structuring: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yd0veAAngzk.html

@BrandonLee-zr8zc 4 месяца назад

You mentioned that when purchasing or transfering your deed in Pennsylvania, that you should use a un recorded deed to the out of state LLC. Would you please elaborate more on this with me.

@ClintCoons 4 месяца назад

its referred to as a pocket deed. When you transfer property via deed you are not obligated to record the deed to effectuate a legal transfer. The recording of the deed in PA will trigger a tax. To avoid the tax you can deed the property and then transfer all rents etc., to the LLC and hold off recording the deed until a lawsuit hits. Make sure you consult with an expert before using this technique.

@dr.vangchannel6935 9 месяцев назад

Hi Clint, I would like to get some help setting up some LLC for asset protection. I live in CA and own multiple rental properties in 4 different states, 3 in CA Plus my primary home, 1 in WI, 1 in MI, and 1 in OK. What is the best way to file LLC for these?

@ClintCoons 9 месяцев назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@Whatever0704 11 месяцев назад

With a property in FL I understand we create a land trust, deed the property into the land trust and make the WY LLC the beneficiary, but who should be the trustee? also the WY LLC?

@ClintCoons 11 месяцев назад

Yes you should use a WY LLC as the trustee or a nominee trustee.

@vegantruth9 Год назад

If you have several building units on a piece of lot. Do you need the land to be under an llc, separate from the buildings so that in case of a lawsuit that occurs due to an accident on the land itself, i.e. sidewalk that it will not put you a risk of losing all the buildings on the lot?

@ClintCoons Год назад

Yes you do. A client was just sued over some kids riding quads on his vacant lot then injuring themselves.

@armandomaluana6692 5 дней назад

Clint, thank you for this video. In AZ how do I transfer the property to an LLC? Do I create WY LLC first?

@ClintCoons День назад

Set up a WY LLC for anonymity then create an AZ LLC to hold title to the property.

@ajalabola9958 10 месяцев назад

@ClintCoons I had opened a Texas LLC before jumped on your powerful LLC structure lecture and now I opened WY LLC as holding LLC now, can I remove myself from the Texas LLC manager with replacing it with WY LLC or I should just open a new Texas LLC and use the one i opened earlier for something else that does not real estate? Thank you for your help.

@ClintCoons 10 месяцев назад

Best to use the earlier LLC for something else since you are tied to the entity. This assumes you have not yet moved any property into the existing LLC. If you have then you might want to balance the work in moving the asset out and into the new TX LLC versus leaving as is.

@ajalabola9958 10 месяцев назад

Thank you so much for the reply, I really appreciate it.@@ClintCoons

@PeterSzocs Месяц назад

What about a debt free (mortgage free) rental property in Florida? Should you go with the Land Trust or LLC? Which is preferred and why?

@ClintCoons Месяц назад

If you have owned the property for more than 2 years, I would use a land trust to avoid the tax cap reset. If it is a new acquisition, an LLC would be my first choice.

@MarioKartTourvids 8 месяцев назад

If I am buying property in Kentucky, would I make the KY llc member managed or manager managed? (obviously WY llc is the sole member). In the case of Ohio, despite Ohio not collecting info on managers, couldn’t you still just make it member managed and list yourself as an officer in op agreement just like you did with North Carolina? What is the benefit to being the manager over being an officer?

@ClintCoons 8 месяцев назад

I would make the OH manager managed because it is more common to see managers versus officers in LLC. With the KY LLC, I would do the same.

@organizer14 10 месяцев назад

For bank open account-should one Appoint self as president of the local Texas or state llc or the Wyoming parent llc

@ClintCoons 10 месяцев назад

President of the TX LLC and manager of the WY LLC

@aeongaming2561 Год назад

Would you recommend these same structures for Commercial Real Estate, instead of residential?

@ClintCoons Год назад

Yes - one LLC per property.

@Dude09487 3 месяца назад

If we aren't pro investors who rely on debt financing, is it better to treat the Wyoming LLC as Disregarded and avoid the hassle of tax filing? Also if we have property in Iowa, is an Iowa LLC a good substitute for the Wyoming LLC?

@ClintCoons 3 месяца назад

Yes if you do not want to file a tax return that is how it would be done but I would not substitute IA for WY.

@RobertHasty 9 месяцев назад

Clint, if I put my wifes primary home under our LLC as a pocket deed, can I claim depreciation? It is a rental property.

@ClintCoons 9 месяцев назад

If the home is a rental /investment property then yes you are entitled to claim depreciation.

@aceinthepocket03 29 дней назад

would the texas series LLC in the example have to be filed and renewed by a different person as well for anonymity?

@ClintCoons 28 дней назад

The TX series is owned by the WY LLC.

@JH-hc5dv 10 месяцев назад

You would list yourself in the operating agreement as "an Officer/President" ....where? On the parent LLC or the Wyoming LLC???

@ClintCoons 10 месяцев назад

On the operating LLC not the WY LLC.

@RandyPinnix 5 месяцев назад

When setting up a LLC for anonymity, how do you handle office infra-structure such as applying for accounts (i.e. phone, Internet) if you don't want your name out there?

@ClintCoons 5 месяцев назад

Under the name of the business. My phone lines are in my business name.

@marquisemurphy9647 5 месяцев назад

Hey im just starting in wichita, ks. Maize area specifically, my properties willl be owned off of loans. Is there anything different i need to do or not do using the landtrust method? Given of course every state has its own laws/rules?

@ClintCoons 5 месяцев назад

Not at all. Best of success and congrats with starting your investing.

@CianTv1 Год назад

Does my Wyoming LLC holding company have to have physical location in WY in order to get the full protections of a Wyoming LLC? Or is having my registered agent in Wyoming enough?

@ClintCoons Год назад

If an attorney pressed you on where the WY LLC is located e.g. its business address, where are the records kept, mail received, and you said "my home state" it weakens the argument your LLC is truly based out of WY.

@CianTv1 Год назад

@@ClintCoons okay thank. But what about a judge in a court room during a lawsuit and they somehow break the corporate veil? Do u think they would normally treat it as a regular WY LLC? Cuz what’s the point of getting a WY LLC if they’re not going to treat it like that other than for anonymity?

@nancybarbarine4642 3 месяца назад

What should we do if 5 friends that bought property together under just one owner 15 years ago to protect us if something happened to one of us. What would happen to our portion? How to make sure it would go to our spouses. What type of lawyer do we need?

@ClintCoons 3 месяца назад

Whoa yes this is a major issue that might end in disaster. You definitely need to set up a JV LLC to protect yourself. If the owner is sued you will most likely lose your investment. We can help. If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@Bexaxi304 17 дней назад

You didn't go into more detail about transferring a property in PA to an LLC using an unrecorded deed. Would appreciate the info as i am considering purchase a rental property in Stat College area.

@kevinbush4464 11 дней назад

I am interested as well. Own property in Johnstown PA in a land trust

@danielmaldonado6388 7 месяцев назад

What about a mobile home icant find a single video that explain mobile homes adding it to a LLC , and what's the benefit? And I'm just saying mobile homes not parks ,if can do a video like this I would apretiated

@ClintCoons 7 месяцев назад

Noted and will make it today.

@m3gaman00 Месяц назад

As a CA resident if I create a WST. can I put my CA income property under the WST with a warranty deed?

@ClintCoons Месяц назад

Yes you can

@bigac619 10 месяцев назад

I have two rental properties one in AZ, one in CA. What would be the best route for these two properties.

@thangn.8160 3 месяца назад

I'm in a similar situation. Have you figured yours out?

@armandomaluana6692 5 дней назад

I also have the same question for Arizona

@zehuazhou3390 12 дней назад

in WA, it seems like I have to list someone as the governor of the LLC. I listed myself and it shows up in the public records in the database. Are you able to form a WA LLC without listing yourself as the governor?

@ClintCoons 6 дней назад

Yes - we do it all the time.

@joeysaturno8250 7 месяцев назад

I currently own a property and am buying the one next door i am a cash buyer I want to protect myself from any liability .I need to do by next month something

@ClintCoons 7 месяцев назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@howtolosebellyfat12 Год назад

Hello Clint do you setup LLC's for Washington DC.

@ClintCoons Год назад

Yes we do. Standard and Series. If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@mar-berdevelopment4738 15 дней назад

Clint - do you think that anonymity is important when an investor is investing only in triple net leased properties?

@ClintCoons 14 дней назад

Absolutely. Do you want the tenants to know you are the owner?

@davidfegan9804 13 дней назад

@@ClintCoons In a ground lease NNN scenario where the tenant is responsible for upkeep of the property and builds and maintains their own building, I don't see much liability risk to the landlord. Of course, I am not a lawyer, and I truly appreciate your advice and insight.

@lenardob.youmans8949 Месяц назад

If the blue box (WYoming LLC) is a single member LLC, what tax return do you file?

@ClintCoons Месяц назад

Just your 1040

@MrPuciek 10 месяцев назад

Great video! How would you set up an LLC in AL?

@ClintCoons 10 месяцев назад

I would set it up as a SMLLC member managed by a WY LLC.

@MrPuciek 10 месяцев назад

You mean set it up as Wyoming LLC? Thank you for your response! @@ClintCoons

@user-do3pm4po6l 6 месяцев назад

@clintcoons, I have a CA LLC to buy a property in CA, this is a single member LLC owned by a WY LLC. I am the Chief Executive Member in that WY LLC (along with my wife as the other member in the WY LLC). When I am buying the actual property, how should the escrow documents be signed ? The escrow company wants a person name be the signer. This is all cash, no mortgage. Thanks

@ClintCoons 6 месяцев назад

Your buying LLC should appoint you as a president to sign on your real estate deals.

@user-do3pm4po6l 6 месяцев назад

@@ClintCoons thanks, I assume that appointment is part of the operating agreement of the CA LLC?

@ClintCoons 5 месяцев назад

@@user-do3pm4po6l Yes it is

@m3gaman00 Месяц назад

Didnt you say if youre renting the property the LLC should be registered in the state?

@ClintCoons Месяц назад

Yes.

@manutexas Год назад

Who would I hire to set up an LLC based in WY on my behalf?

@ClintCoons Год назад

@manutexas Thanks. If you would like to learn more you can register for one of our upcoming Livestream 1-day Tax and Asset Protection Classes for Real Estate Investors. Here is the link: aba.link/RU-vidAP.

@elnene174 9 месяцев назад

Can I buy a property with an llc I opened a few months ago? Without it 2 years of proof of income???

@ClintCoons 9 месяцев назад

If you obtain a DSCR loan it is possible.

@dynamitedingo7720 4 месяца назад

What kind of llc do you need?

@ClintCoons 4 месяца назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@rodolfomarin7140 Месяц назад

Maybe someone can help me out. My brother and I are planing to start buying rental properties. We both are veterans and are trying to use our va home loan. My brother is a loan officer. He told me we need to have an LLC for at least 2 years. So im trying to open it now. So when i graduate from school, it would be 2 years. My questions is, Do i need to have a business already or anything else? Or can I just make an LLC and set it up and forget about it until the 2 years are up. I know there’s still a couple requirements to keep the LLC up and running.

@ClintCoons Месяц назад

I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/e28eae

@bluelasvegas 14 дней назад

You can buy now older company called Shelf corporation (someone started it and never used it). Can be 2 to 5 years old and that will save you the waiting and open doors for financing. I did it several times...

@petertverdov2442 Год назад

When does Form 1065 kick in with these setups? If you setup a single member LLC in (most states) and it's owned by Wyoming do you then need Form 1065? I wouldn't think so because it's still single member owned. how do you treat Wyoming as a partnership?

@ClintCoons Год назад

Form 1065 is a tax return that is filed by partnerships, limited liability companies (LLCs) with multiple members. A single-member LLC is not required to file Form 1065, because the entity is not eligible for partnership treatment when it only has one member. To treat a Wyoming LLC as a partnership, the LLC would need to have at least two members. The members can be individuals or an individual and another business entity like an LLC taxed as a corporation.

@cryptonoob9807 11 месяцев назад

@@ClintCoons Is it best to set it up as a Partnership if you have a Spouse, or should you still consider Single-Member LLC on Wyoming?

@ClintCoons 11 месяцев назад

@@cryptonoob9807 I depends on the state where you live if it is even an option and what is the purpose of the LLC. So unfortunately it depends.

@cathymagdirila3316 10 месяцев назад

Hi Steve, How much does it cost to set up a WY LLC, Hawaii and Washington state LLC with multiple owners?

@stephaniewilliams1050 10 месяцев назад

Can I set up a series LLC in PA for real estate?

@hwayoungx3 Год назад

Hi, Is it better to form an LLC as a LP investor or investing under personal is fine? Thank you~

@ClintCoons Год назад

I like to use an LLC to protect my distributions from possible personal creditors.

@alimtanta2934 11 месяцев назад

Do you work with European Clients? I am planning opening a company in The Netherlands and Switzerland

@ClintCoons 11 месяцев назад

Yes we have offices in Europe. Email me at ccoons@andersonadvisors.com and I will make a referral.

@alimtanta2934 11 месяцев назад

@@ClintCoons I am going to do that, Thank you for you quick respond.

@thestampqueen Год назад

On a series LLC state like TX or TN, is it still good to put the properties in a Land Trust first, then into the Series LLC and the WY LLC? My first concern is estate planning - make it easier for my kids when I’m gone and also for potential equity or refinance loans.

@ClintCoons Год назад

The land trust does not impact your estate planning, it is a living trust that you should be focused on. The living trust will hold all of your assets and bypass probate. The structuring you described can be set up that way and is often used when investors are concerned about the due on sale clause.

@samgrieg2542 11 месяцев назад

@@ClintCoons Can land trust be put inside a living trust to bypass probate in FL?

@ClintCoons 11 месяцев назад

@@samgrieg2542 Yes

@areliscampbell9902 2 месяца назад

How abt NYC??

@ClintCoons 2 месяца назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/clintss

@isohi1429 2 месяца назад

I live in Maryland and would like t make LLC

@reyc8989 9 месяцев назад

Hello Clint. I live in CA. I want to setup an LLC to start an internet business. I want anonymity and eliminate the $800/yr fee. Can I apply this real estate structure you talked about? I'll setup a WY LLC put that into a WST and list the WST as memeber on my CA LLC?? Will this structure give me anonymity and eliminate the yearly fee?

@ClintCoons 9 месяцев назад

Unfortunately in your situation you will be paying taxes in CA. You can set the business up with anonymity but you cant avoid the franchise tax in CA

@shadowmancer7040 Год назад

What about the new federal reporting requirements? How did it change anonymity?

@ClintCoons Год назад

It hasn't. Check out my channel for the corporate transparency act.

@Ripberniemadoff 7 месяцев назад

How can I contact you to help me with this

@ClintCoons 7 месяцев назад

If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@adriancos6834 Год назад

If a WY is the trustee of a land trust in Florida, does it need to be registered as a foreign corporation in FL, if the property will generate income as rental?

@ClintCoons Год назад

No, unless it is collecting rents.

@adriancos6834 Год назад

@@ClintCoons the trust will collect rent with the beneficiary LLC, but trustee is on title

@adriancos6834 Год назад

@@ClintCoons in that case does it need to be registered in Florida?

@ClintCoons Год назад

@@adriancos6834 yes

@ClintCoons Год назад

I revise my answer to no. I misread your comment. The Trustee is not collecting rents so it should not have to register.

@woodforever1 Год назад

Hi.. Same applies to Mass & Rhode Island?

@ClintCoons Год назад

Yes, absolutely but you need to paper file in Mass to get the anonymity.

@woodforever1 Год назад

@@ClintCoons Awesome.. Thank you!

@melhoresprodutos8899 Год назад

The best Lawyer for Real Estate in the USA

@ClintCoons Год назад

Thanks. 😀

@tamidurant3455 2 месяца назад

GREAT video new subscriber!!!! What about NV. Can I do an LLC? I have two properties, one in FL and the other in NV. I will create a land trust in FLL as your video suggested and tie it back to Wyoming. Should I do an LLC for NV? @clintCoons

@ClintCoons 2 месяца назад

Set up a member managed NV LLC that is held by your WY LLC

@melhoresprodutos8899 Год назад

One Question? I Know the NM is weak about the SUE, but in the case of the Florida and Ohio can You put the NM how the Manager because NOT ask for the Manager how WY,ok?and the advantage is do not need take the annual FEE,(U$60) only need the Registered Agent and This can to be the Anderson Company ok?

@ClintCoons Год назад

Yes you can.