Wyoming Holding LLC: The Benefits And How To Set Them Up

Clint Coons Esq. | Real Estate Asset Protection

Подписаться 210 тыс.

Просмотров 37 тыс.

50% 1

Welcome to our comprehensive guide on establishing a Wyoming Holding LLC. This video explores the numerous advantages of setting up a holding company through a Wyoming LLC. From asset protection and privacy to simplified management and cost-effectiveness, Wyoming offers an attractive business-friendly environment that cannot be overlooked.
🔗 Master Asset Protection: Join our Free Tax & Asset Protection Workshop and learn how to maintain anonymity and protect your assets: aba.link/fxt
If you want to establish a Wyoming Holding LLC, this video is tailored for you. I will cover how you can own multiple properties, keep your tax filings in check, ensure great asset protection, and on top of that have privacy.
🔑 Key Insight "The best part about Wyoming is that no information is disclosed." 4:34
By understanding the benefits of setting up a Wyoming Holding LLC, you can confidently explore all opportunities available in this state, with its low cost of formation, asset protection laws, privacy protections, and simplified management process.
🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!
Show Notes:
0:00 Intro
0:50 Wyoming LLC
2:03 Asset Protection
4:29 Privacy
5:50 Consolidate Tax Filings
7:19 Lenders
9:32 Outro
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
ru-vid.com...
~~~~
FREE REAL ESTATE INVESTMENT STRATEGY SESSION
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/wye
FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Live Stream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/fxt
~~~~
FINANCIAL PLANNING & RESOURCES
📚 Order Your Copy of "Next Level Real Estate Asset Protection: Comprehensive Strategies for Investors" Here: 👉 aba.link/nxtlvl
Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. aba.link/07v
For financial strategies, podcasts, articles, and details on upcoming workshops, visit aba.link/clintaba
Here’s a little about me and my book Asset Protection for Real Estate Investors
aba.link/clintbio
~~~~
FOLLOW US:
Instagram: aba.link/instagram
Facebook: aba.link/facebook
Twitter: aba.link/twitter
LinkedIn: aba.link/linkedin
~~~~
CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
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.
---------------------------------------------------------------------------------------------------------
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.
#wyomingllc #llc #assetprotection

Опубликовано:

19 май 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 223

@ClintCoons 3 месяца назад

Learn about Real Estate & Asset Protection at our next all-day free Live Stream. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/fxt

@villageencouragelovepeacef6955 3 месяца назад

I'm interested!

@bhfashionclothingco.4847 Месяц назад

Would a Revocable Trust (As the Wyoming LLC Owners) create an additional buffer to protect anonymity??

@chadmcelhaney4006 23 дня назад

@clintcoons Do you still have to cost segregate each CA LLC? How do we account for that component?

@jonathanlarios5218 8 месяцев назад

This is absolute gold.

@ClintCoons 8 месяцев назад

@jonathanlarios5218 Thanks for watching.

@organizer14 5 месяцев назад

Thank you very much for sharing your tremendous expertise and for your valuable educational contributions. Many of our friends speak very highly of you, Toby Mathis and Carl Zoellner! Thank you!

@ClintCoons 5 месяцев назад

Thanks

@KellyWellins1 6 месяцев назад

Thank you!!! Great advice 😀😀😀

@HoustonMortgageTips 8 месяцев назад

love the video, one correction. Fannie and Freddie discount the rev from rentals when you are applying for a mortgage loan if you don't have a return done showing actual expenses. if you do they will go off of what you told the IRS that you netted. the discounting is only done when you have had a property for a few months and are trying to offset its carrying cost with a new lease and you have not had to file it on a return just yet.

@ClintCoons 8 месяцев назад

Yes that is 100% spot on. Thanks for adding the comment.

@ELconomics 9 месяцев назад

Let's go coach!!!!

@MrSpamfriedrice 4 месяца назад

Helpful. Subscribed. Thanks!

@ClintCoons 4 месяца назад

Thanks for the sub!

@anngelinakoenig-fales4153 9 месяцев назад

Thank you for the clarification on why to establish a WY holding LLC. I seem to remember you referring to extra levels of protection by developing LLCs within trusts also. Or am I mistaken?

@jamess2483 24 дня назад

Having your LLC owned by an irrevocable trust in Saint Kitts and Nevis or the Cook Islands with a hired trustee is a great way to protect your personal asserts from being pierced.

@mrbabyhugh 9 месяцев назад

1:25 how i think of it is, the Holding company is the savings account for the profits made from individual business. And to protect that savings account, Wyoming is a good place for it's anonymous structure. It is VERY IMPORTANT that this business does NOT do any customer transactions, only business to business and NOT suppliers, have a LLC that does operations. I am looking forward to your video (if not yet) on Corporate Transparency Act.

@ClintCoons 9 месяцев назад

Here you go: andersonadvisors.com/corporate-transparency-act-compliance/

@bhfashionclothingco.4847 Месяц назад

@@ClintCoonsHello Clint, thank you for these informative videos. Would a Revocable Trust being the controlling member of the Wyoming LLc offer more buffer in terms of anonymity?? While the Wyoming LLc provides asset protection?? Is this possible??

@ClintCoons Месяц назад

@@bhfashionclothingco.4847 No because the WY LLC already provides full anonymity.

@sandragainey9592 Месяц назад

I attended your webinar and am very interested in learning more about protecting my property from liens and judgements and also learn about a Residence Trust.

@joeysaturno8250 4 месяца назад

YOU ARE SO AWESOME!!!

@Money-talking 3 месяца назад

Absolutely marvelous

@ClintCoons 3 месяца назад

Thanks

@samfireman1031 9 месяцев назад

I love these videos. They are so educational! Do you really need a WY LLC is your properties are encumbered? You have little to no equity. I hear that this is a strong deterrent for creditors. Is that true? My hesitation are the due on sale clause and the fact YOU SAID anonymity and business credit don't mix. I think you Missed the opportunity to explain why a WY LLC is good for single member LLCs since most states don't provide charging order protections if you are personally sure. (Guess when I learned that from lol)

@ClintCoons 9 месяцев назад

Check out this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kXJghMUOd0M.html

@Ryland-ur5dr 4 месяца назад

Thank you so much for these videos - it's so great to find someone speaking this language. If you have active separate single-member LLC's operating as restaurants, what is the best way to transfer ownership of those LLC's to a new WY LLC? And how does that affect existing commercial leases with said LLC's?

@ClintCoons 4 месяца назад

It can be done but first you need to discuss with a strategist how the LLC is set up from a tax standpoint and wether the operating agreement permits such a transfer. The lease is probably not an issue but it would be wise to review it as well.

@Darrell_lewis_massage_realtor 7 месяцев назад

What is the backup plan for the corporate transparency act since the wy llc will be forced to report to the Feds and that will trickle to banks and local law enforcement…. Both of which are easily farmable by stalkers and ex-girlfriends etc..

@welovefootball2026 9 месяцев назад

Great video really appreciate the good works, i have learned a lot, thanks. Will also appreciate a video of Holding LLC vs Trust Holding in asset protection (for educational purposes). Although i believe (i may be wrong) a higher level of protection is obtained if a holding LLC is owned by a Trust.

@ClintCoons 9 месяцев назад

Depends on the type of trust. If it is irrevocable then yes but not with a living trust (revocable)

@LAKitchen 9 месяцев назад

I also heard that WY jurisdiction is ignored in CA if all the properties are in CA and court thinks WY LLC is just shield? Also, does this mean that an LLC by itself in CA us useless?

@sblijheid 9 месяцев назад

@LAKitchen Doing business in California is useless. It's a great money pit. I did the math on doing business in NYC. Starting and growing it. I saw how I would be raped with taxes. I started looking around and found out that other states had lower taxes and lower costs. I reran the numbers and decided to exit New York before the 180 days in the year were reached. California is way worse than NY. The state of NY makes it very easy to start a business, because they want you to pay sweet taxes. That was sufferable before the no cash bail law went into effect. Now it doesn't matter because your high taxes cannot get you protection. California makes it hard and expensive to setup shop, taxes you to death, and offers no protection. In fact, they have practically legalized crime. In that scenario, it's not worth it to setup shop there. I understand that if you're born and raised there, that you don't want to leave. Good luck.

@sblijheid 9 месяцев назад

@ClintCoons I have a chicken or egg question. What gets setup first? Home state llc, WY LLC, or trust? Is the trust setup in your home state?

@ClintCoons 9 месяцев назад

@@sblijheid WY LLC then home state followed by the trust.

@johnnychampion1 4 месяца назад

Great explanation!! As far as establishing credit with be under the Holding LLC or the individual ones?

@ClintCoons 4 месяца назад

Individual ones

@ScottJLetourneau Месяц назад

Great video! He is correct about this Wyoming strategy as a member of your other LLCs holding real estate in your home state. The LLC as a partnership and lending is a great tip also. Regarding the California example, my question is, will the California franchise tax board want the Wyoming LLC to be foreign to qualify for California because the manager is a resident of California and makes all the business decisions for the management LLC?

@ClintCoons 29 дней назад

It will not have to foreign file but it will need to file a franchise tax return

@aurelius7435 9 месяцев назад

Does making the WY holding LLC the sole member of the LLCs in the states where the properties are located come at a cost from an asset-protection standpoint, as these LLCs in other states are now single-member LLCs?

@ClintCoons 9 месяцев назад

Not at all. See ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kXJghMUOd0M.html

@stanmoney8470 8 месяцев назад

How would you do the business checking account. I have a Wyoming LLC business checking, also a another one for another state where I want to buy the real estate. How would the money transactions work with a holding LLC?

@ClintCoons 8 месяцев назад

Both LLCs will have a bank account.

@Investmiz 6 месяцев назад

Clint, Thank you for the amazing information. Let's say I did that- what do I do when I am going to refinance the property? How does that effect it?

@ClintCoons 6 месяцев назад

You may need to take the property out of the LLC unless it is a DSCR loan.

@midnite1235 9 месяцев назад

Hi Very informative video! What is the best way to Just keep $$$ in an LLC Bank account To keep it away from Personal creditors? Wyoming LLC That has a bank account but does no business. Just formed to keep $$$ In a biz bank account??? Is that the way to go?

@ClintCoons 9 месяцев назад

Yes it is. see this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-XXCjlb2e_yE.html

@rickwilson6871 8 месяцев назад

Should the member of my California S Corp (consulting) be my Wyoming LLC (Platinum member here) - currently used only for holding securities?

@ClintCoons 8 месяцев назад

No. You would be the member of your CA s-corp. You should not connect the WY LLC unless it was setup specifically to be a member and it is disregarded.

@stetsonsmith2810 4 месяца назад

Would you recommend doing this for just real estate or for other businesses held in here? Why Wyoming? Would Texas be a good option?

@janesa5097 9 месяцев назад

Would it make sense for the couple living in CA to have the subsidiary LLCs owned by the Wyoming holding, be created in & under cal law in the first place? Or would it make sense for the cal couple if they choose a holding structure with a Wyoming parent LLC to have their operating real estate owning LLC in another state?

@ClintCoons 9 месяцев назад

Where are the rental properties located?

@janesa5097 9 месяцев назад

I assume in California if I understand this sample case correctly. So I guess it depends on in which state the rental properties are located to determine whether the LLC directly holding the real estate should be set up in the same state or elsewhere. What about the sample case assuming the couple you referred to had all their real property in California? @@ClintCoons

@ClintCoons 9 месяцев назад

@@janesa5097 I would use Wyoming Statutory Trusts with a WY LLC as the beneficiary.

@alfs3 8 месяцев назад

Clint, what about the The Corporate Transparency Act/CTA 2023 where you can no longer have anonymity irregardless of what state your LLC is in?

@ClintCoons 8 месяцев назад

andersonadvisors.com/corporate-transparency-act-compliance/

@davidrounds3245 7 месяцев назад

It sounds like anonymity is no longer possible after this law was enacted. True?@@ClintCoons

@fdhall 4 месяца назад

Do have a video on why anyone would do a WY "Close" LLC vs a regular LLC? I literally just found out about it today. From my research thus far, it looks to have many of the orders in it that you went into in 1 of your earlier videos (I vaguely recall it was 8 things you mentioned). Thanks in advance.

@ClintCoons 3 месяца назад

I do not. Really not much of a difference and at the end of the day I think it can cause more confusion for third parties who do not understand the close LLC is nothing more than a simplified LLC structure.

@imgrant5344 8 месяцев назад

Hi Clint, you seem to imply at 7:42 that no local state tax returns need to be filed only a WY tax return. Because WY is a member of my Mississippi and Georgia LLCs, I don't have to pay taxes in those two states. This contradicts what you've said elsewhere.

@ClintCoons 8 месяцев назад

I am referring to federal returns. WY does not have a state return requirement but the other LLCs may depending on where they are located.

@golfgirl60 9 месяцев назад

I have a separate management company LLC taxed as a c-election to collect rent for a few properties. Would I need to collect rents through the Wyoming LLC instead to get the K-1?

@natedavis9450 9 месяцев назад

I'm not an accountant: Have you consulted with an enrolled agent or CPA in order to discuss your C-Corp tax election for your rentals? Assuming you have a single member LLC, it may be beneficial to elect disregarded entity. Assuming you have a multi-member LLC, it may be beneficial to elect partnership.

@ClintCoons 9 месяцев назад

The management entity collects the rent not the WY LLC. The WY LLC could receive the rent from the management entity via the owner's payment.

@LAKitchen 9 месяцев назад

What about forgetting all the LLC's and drama and just putting property straight into irrevocable trust for CA asset protection if no loans on property? Any cons to this?

@ClintCoons 9 месяцев назад

CA does not typically recognize AP trusts that hold CA real estate.

@firepinto 8 месяцев назад

Does a WY holding LLC make sense for let's say a Social Media LLC and a small manufacturing LLC based in Wisconsin? Does the earnings from the WY LLC count as out of state earnings in Wisconsin?

@ClintCoons 8 месяцев назад

You would need a WI LLC for the manufacturing biz but you could use a WY LLC as the member if you want anonymity. The Social can be run from WY or WI. I would set up 2 WY LLCs (one for the social and the other to hold the WI LLC). All of the income will be taxable to you in WI if you elect pass through taxation on the LLCs. If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@HopeProphecy Месяц назад

How would I pay myself in a structure with a single-member holding LLC (S-Corp) that owns my operating LLC, of which I’m the only owner and employee? How can this be done without piercing the corporate veil and losing asset protection, while still seeing the tax benefits of an S-Corp? Which LLC would handle payroll and how would dividends be distributed? Thanks!

@surveytestmoney2550 4 месяца назад

What about non RE LLC to be set up in FL w/a Wyoming Holding Company? Do you set the FL LLC up as member managed and how do you list yourself in order to open a bank acct but still be anonymous?🥶So confusing🥴

@victorial.4345 5 месяцев назад

Clint , thank you so much for the valuable video. I had a WY Holding LLC, then some attorney told me it is useless since i am in TX, now i think I need re-instate my WY LLC. can you advise if I should name my WY LLC far away from my living trust ? so far there are some words in it are same , I thought since Living trust is private and WY LLC also not disclosed. or it is okay to name my WY LLC very close to my living trust name ? I have some rentals in out of state, and I plan to use WY holding LLC to hold the state LLCs for my rentals . thank you very much

@ClintCoons 5 месяцев назад

Yes you want to keep these names separate. I would not associate your WY LLC to your living trust.

@whymindsetmatters 2 месяца назад

Should the holding llc be manager managed and taxed as a disregarded entity? Lastly, should my operating llc be member managed with wy as the member?

@bergencounty6602 9 месяцев назад

If I am living in a high tax state (New Jersey) but flipping properties quickly in other states (ordinary income) how would Wyoming LLC still help me?

@ClintCoons 9 месяцев назад

It will provide anonymity and charging order protections. I will put together a new flipping video on the benefits of WY

@bergencounty6602 9 месяцев назад

@@ClintCoons Looking forward to it.

@tbirdjeff 2 месяца назад

Love your content. As a big user of white boards, I love the use of the screen, but your handwriting (sorry) is really hard to read. :> But I appreciate everything else and the knowledge!

@HopeProphecy 2 месяца назад

Can the Wyoming Holding LLC (in your example) hold any assets? For example, could it hold the the tools and vehicles used to maintain the homes in the California LLC's? Would this be adviseable, or would it better to have another LLC (4th orange box in your example)? Thanks!

@ClintCoons 2 месяца назад

Separate LLC. Do not put any assets other than business interests or savings etc. into a holding LLC

@HopeProphecy 2 месяца назад

@@ClintCoons thanks!

@JamesJohnson46891 2 месяца назад

When my out-of-state LLC is owned by a Wyoming Holding LLC, does my out-of-state LLC receive full Wyoming charging order protection?

@WILPOLLOCK 22 дня назад

I have a WY Holding LLC. I want to buy in NY. The state website seems to say if my "foreign entity is the Manager of the NY LLC I need to register." Can I get around that by naming myself as Manager but the WY LLC as the Member? Great stuff as always Clint!!

@ClintCoons 18 дней назад

Make your NY LLC member managed not manager managed.

@WILPOLLOCK 17 дней назад

@@ClintCoons - thank you, Sir!!

@NobleJohniii 9 месяцев назад

Be sure to mention the annual fees

@Timothy_Smith 9 месяцев назад

Wyoming LLC annual fees are very cheap. I live here and have established an LLC, and the fees are not bad at all.

@glenmatthes8839 9 месяцев назад

At the time of this video (August 2023), WY charges $100/year for an LLC. You will also need a registered agent which typically is about $50/year.

@Timothy_Smith 9 месяцев назад

@@glenmatthes8839 Yep. $50-$60 is pretty common here.

@gary.haynes 9 месяцев назад

Very reasonable. Thanks for the info. @@glenmatthes8839

@headlibrarian1996 8 месяцев назад

Are the WY LLC’s fees tax deductible? They arguably have no business purpose because that LLC doesn’t conduct a business.

@LAKitchen 9 месяцев назад

I heard that WY jurisdiction is ignored in CA if all the properties are in CA and court thinks WY LLC is just shield? Also, does this mean that an LLC by itself in CA us useless?

@ClintCoons 9 месяцев назад

Not so. A judgement against you in CA has no impact on the WY LLC unless it was a party to the case.

@blackdiamondrob 3 месяца назад

IMO yes useless

@CandiceArrington-pp1jg 7 месяцев назад

If I'm starting a businesses reselling items on Amazon and I live in California, can I just set up a Wyoming LLC instead of setting up a LLC in California? I will be purchasing items online that will be shipped to my home in California which I will then ship to Amazon and Amazon will ship them to the buyers so I won't be selling anything directly from my home. Will doing this cause me any problems in California? Would I still need to file any taxes in California or would I just file them in Wyoming if it's a Wyoming LLC?

@ClintCoons 7 месяцев назад

Yes you will need to file in CA and you will need to register in CA is you are taking a salary. So, you could establish a WY LLC but ultimately you will need to file it in CA as a foreign entity.

@the_creative70 2 месяца назад

Great info and video sir. Appreciate it. I’m considering this structural setup for my future family. My goal is to grow and maintain generational wealth like the Rockefellers. Family Trust ( at the top) Make it the beneficiary Holding Company (asset protection) LLCs generating profits Use a portion of a 90/10 whole life insurance plan to burrow against it to invest into the LLCs while paying back loan and still into policy. Foundation (Nonprofit and tax return) Charity (Non profit and tax returns) Any flaws in this structure I may not be seeing? Thanks in advance sir.

@javierzelaya4544 3 месяца назад

Great Information, How do I add a new Texas LLC to a Wyoming Holding LLC

@ClintCoons 3 месяца назад

You assign your ownership interest to the new WY LLC. Real simple

@lordtanle 4 месяца назад

Clint, I've watched a few of your videos (and others) and almost have my question answered ... but not quite. I am married, live in FL, property owned with my spouse (non-LLC) in AK, property co-owned with my non-spouse under a multimember LLC in AK, and buying a property in FL with two non-spouse partners (will form an LLC). Two questions: 1) My non-spouse partnership LLC in AK, can I transfer and own my stake in that property in the WY LLC I establish as a holding company (assume the operating agreement supports this)? What are the complexities if, say, my partner gets sued personally? 2) Similar issue in FL, if my stake in the new 3-person FL LLC is owned by my WY holding LLC, what if ... or what should I look out for? Thanks!

@ClintCoons 4 месяца назад

Yes you can place all of your LLC interests into a WY LLC without any issue. Ideally you should ask your partners to do the same for added protection. Nothing to look out for. Do you have operating agreements for all of the the entities?

@jorgeflores6670 3 месяца назад

What are the right questions to succeed whit a wyoming LLC

@JamesJohnson46891 2 месяца назад

If I have an online business (creating content and traveling as a speaker), but live/work in North Carolina, can I file my single-member LLC (S-Corp) in Wyoming and receive full charging order protection? (My business does not own a physical building or have additional employees here in NC). Some experts are saying "yes" and others are saying that I would have to form an LLC in the state I live/work in and form a Wyoming Holding LLC to own this foreign LLC to gain the Wyoming charging order protection. I would greatly appreciate if you could clarify, and thank you!

@soadman777 2 месяца назад

Following.

@samkeino6810 Месяц назад

Clint Coons doesn’t reply to subscribers. You asked a legitimate question a month ago! He just wants you to sign up for his “free seminars” so he can them have you be his client!

@Nohandleentered 27 дней назад

You should literally contact a lawyer and not wait for someone to give you the wrong answer in a RU-vid comment

@iamtellingyouthetruth7390 8 месяцев назад

Is this LLC only for real estate? Can it be used for a small business?

@ClintCoons 8 месяцев назад

The LLC can be used for many purposes. I estimate that the majority of business we set up for clients are established as LLCs.

@FALSEJUJU 5 месяцев назад

What state do you file in?

@victorial.4345 4 месяца назад

how about the bookkeeping of the holding llc and all the rentals ? we only need open one bank account of the holding llc and the rental income from all other disregarded entity rent will all deposited into holding llc bank account and use class in quickbook to provide P & L for one tax return ? thank you

@ClintCoons 4 месяца назад

Yes the holding LLC will keep the books for each property but set them up under a separate class to separately account for their expenses and income.

@kpec3 16 дней назад

I looked at the Sec. State website for Wyoming. You can see who are the owners/managers of any business there.

@ClintCoons 10 дней назад

I think you are looking at corporations and not LLCs. WY does not collect info on an LLCs members or managers.

@kpec3 10 дней назад

@@ClintCoons It's there but you can only search for it by the name of the llc.

@kpec3 8 дней назад

@@ClintCoons My LLC is there. But it's not in my name. It's searchable only if you know its name.

@mkcraycray1316 7 месяцев назад

I am a renter & have an opportunity to purchase the home. I'll need a mortgage. Can I put that mortgaged home in a Wyoming LLC holding company?

@ClintCoons 7 месяцев назад

Yes you can but you should consider a land trust and not an LLC.

@MarlenisMedina 5 месяцев назад

When filling Taxes do you fill in Wyoming for you holding LLC? And separately for the LLCS from the other state?

@MarlenisMedina 5 месяцев назад

You answered my question in the video, thank you!

@Stabull84 14 дней назад

Hi Clint! I'm in the process of forming a Holding Company LLC in Wyoming. Would I need to also get a virtual address for this LLC? And would I be able to open a bank account in my local state for my Wyoming LLC or would I have to open a bank account in Wyoming? Lastly how does this affect funding since the Holding Company won't do any business? Should I get business credit/loans in the Holding Company name or subsidiaries since they have income?

@ClintCoons 13 дней назад

Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/wye

@madhavicherukula4565 13 дней назад

If I have to move brokerage account funds to safe asset holding LLC, would you recommend opening a new account on LLC name in brokerage account and move funds or to move funds directly to safe asset holding LLC. Can you please advise on this

@ClintCoons 10 дней назад

Yes you will need to open a new account under the name of the WY LLC and move your account over into the new WY LLC account.

@JtotheRizzo 3 месяца назад

If I have both passive income (rental LLCs/Disregarded) AND active income (my wholesaling business LLC), should I have two separate WY LLCs - one WYLLC/Partnership for the passive activity (rentals) and a separate WYLLC/C-corp to hold my wholesaling business? Should both of these WYLLCs be owned by me individually or by my Living Trust?

@ClintCoons 3 месяца назад

Separate LLCs with the renal LLCs disregarded to a WY holding LLC and all of your LLCs owned by a living trust.

@glennlivingston6698 2 месяца назад

Hi Clint, I'm considering setting up a Wyoming Holding LLC. Does it make sense to hold partially-owned assets within the holding company? Ex. 75% of a business 50% of an investment property, and 100% of another investment property. Or, would it be cleaner to only hold wholly-owned assets within the holding company and do all the part-ownership stuff outside of this structure?

@ClintCoons 2 месяца назад

You can hold partial interests in other LLCs or corporations in your holding LLC but you would never hold real estate directly.

@Spydadaillest21 3 месяца назад

Should I file a Wyoming LLC or S-Corp as my holding company? I’m brand new to business and I’m currently wanting to step into to real estate. I am In The military with two home that I’m renting out in Florida and Virginia. Both homes are a VA loan associated to it and I’ve watched previous video that will help put the home in Florida under a trust. Please advise. My future plan is to own several apartment complexes.

@ClintCoons 3 месяца назад

You should set up a WY LLC as your holding company and elect to treat it as a partnership or disregarded entity for federal tax purposes.

@Eddoxx 2 месяца назад

So at 7:20 are you saying that when you set up your holding LLC you need to set it up as a partnership between you and the LLC? And this is done the day you set it up or can it be done later?

@ClintCoons 2 месяца назад

It can be done later i.e, at the beginning of your new tax year.

@christopherbrown3159 6 месяцев назад

Hello, is there a way to open an LLC for the purpose of opening a retirement account and rolling it back into a personal Roth IRA? Do you have any videos on this? Thanks!

@ClintCoons 6 месяцев назад

You would need an actual biz to set up a solo 401k. The business can be anything other than passive investing activity. Thus, the answer is yes provided you have a business purpose for your LLC.

@rudeboyrg 25 дней назад

I'm looking to form 1) Wyoming Holding LLC - to hold mobile home parks 2) Wyoming Management LLC for management purposes and to be manager of Wyoming holdings and 3) Wyoming Homes LLC to own park homes, buy and sell. Two questions: A) since Wyoming allows close LLC formation, should any of these LLC's be close LLC - especially holding company? B) If partnership is better for holding company, would I just add my wife as partner?

@ClintCoons 24 дня назад

I would skip the close and yes add your wife to the LLC to create the partnership. If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession

@leesauter8976 3 месяца назад

How does the BOI from FinCen affect the privacy of the Wyoming LLC

@ClintCoons 3 месяца назад

It has zero affect.

@SarthakJoshi-yl1mb Месяц назад

Hello sir can foreigne citizen can allowed to open shell company in us states like wyoming , delware etc

@ClintCoons Месяц назад

Yes

@ChesterCopperpot767 Месяц назад

I know it depends on the LLC act in each state, but generally speaking does the holding LLC have to register in the state of each subsidiary LLC? Say I have a Wyoming LLC, but I live in Ohio, does that require me to register the Wyoming LLC as a foreign LLC in Ohio? What if the Wyoming LLC owns and manages a subsidiary LLC in Ohio which owns a rental property in Ohio, does the Wyoming LLC have to register in Ohio? And then what about the Ohio LLC, does it require a registered agent in Wyoming and/or have to register?

@ClintCoons Месяц назад

No but if the WY LLC is dealing with tenants or customers then it would have to file.

@KerriFrances 2 месяца назад

Would you recommend the holding LLC for any small business? Not just real estate?

@ClintCoons 2 месяца назад

Not if your name or likeness is associated with the business. Anonymity would not benefit you.

@user-hr9tr4ro8b 2 месяца назад

Does this holding LLC be used for other businesses not real estate related? Thank you

@ClintCoons 2 месяца назад

yes it is possible

@davidrounds3245 7 месяцев назад

Should you put your personal home in an LLC under the Holding company LLC? Automobiles?

@ClintCoons 7 месяцев назад

Personal assets go into trusts not business entities.

@balticzar Месяц назад

Most banks won't lend to an llc. What am I missing? How do we purchase under our llc name? Thx. New to this.(dropped in wrong place above previously)

@ClintCoons 29 дней назад

You can obtain a DSCR loan or work with a community lender. If not then you must close in your personal name and then transfer it to your LLC.

@JtotheRizzo 3 месяца назад

My holding company is a single member LLC in Wyoming. I don't want to bring in anyone else in my entity. Are there any downfalls in having my LLC electing S-corp tax status as opposed to a Partnership?

@ClintCoons 3 месяца назад

Yes. Search S-Corporation on my channel. I have several videos discussing the drawbacks to using S-Corp for rentals. If you are just holding cash or stocks then it is a different matter.

@hisserver 6 месяцев назад

In this structure of Wyoming holding partnership where the owners are married couple, how can put that holding company into living also owned by the same couple?

@ClintCoons 6 месяцев назад

You assign your interest to your living trust.

@jttimshel5807 3 месяца назад

Can you stack the LLCs and have the income pass through the multiple levels? Let’s say John has his main Wyoming LLC holding Co, LLC 1. And that owns another LLC that does another function, LLC 2. LLC 2 owns LLC 3, which is where the income is originally coming from. Does the income flow through 3 and 2 directly to 1? Therefore creating still only one tax return? (Assuming John owns 100% of LLC 1 and the others own 100% of the LLC under them)

@jttimshel5807 3 месяца назад

And they all use the S-election

@ClintCoons 3 месяца назад

Yes if you make Sub -S elections

@KHouseCustomize 6 месяцев назад

Is it possible to get a Wyoming holding after you've already had 2/3 LLCs for the last 2/3years? What are the steps to do this?

@ClintCoons 5 месяцев назад

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

@vincentnevling4736 2 месяца назад

If I have properties in my name and not an LLC can I still put them in a Wyoming Holding LLC or first make them LLCs and then move them into the Wyoming Holding

@ClintCoons 2 месяца назад

Move them into specific LLCs and not the WY holding LLC. The WY holding LLC will own your interests in the specific property holding LLCs.

@katalynnmataperez8748 2 месяца назад

Hey. I have sec 8 ...can I still use this to protect me and keep my section 8?

@ClintCoons 2 месяца назад

You will need to show you are the beneficial owner through the WY LLC

@whymindsetmatters 3 месяца назад

What if you're the only member of the LLC? Can you still use partnership for bank?

@ClintCoons 3 месяца назад

No you will need to find a partner - possibly a parent .5% or your own corporation, etc..

@user-hr9tr4ro8b 2 месяца назад

*Can this Wyoming holding LLC for other types business also for other types business?

@ClintCoons 2 месяца назад

Yes it can

@freeradical1567 3 месяца назад

Do you ever put a Trust in an LLC or visa versa?

@KerriFrances 2 месяца назад

From what I've learned you want to put your LLC in your trust.

@josephakyeampong6745 23 дня назад

Can a WY holding company own an S-Corp? If so, I'm wondering - how do you add the holding company on the S-Corp's Articles of Incorporation (assuming the holding company owns 100% shares of the S-Corp)? because typically it's the directors and officers that are listed. What title do you give the holding company (by title I mean Director, Officer, Secretary etc...which I don't think you can use for a holding company) In my state (FL) there is also the option - Other, and I'm thinking I can use that to designate the holding company as a shareholder. Note: the S-Corp is solely owned by me, but I want to transfer interest/ownership to my holding company. Looking forward to your reply.

@ClintCoons 18 дней назад

Yes provided your WY LLC is set up as a disregarded entity.

@theALPHAbeteer 6 месяцев назад

Why would you recommend this as asset protection with the new act rolling out in 2024?

@ClintCoons 6 месяцев назад

Absolutely. The information is still private.

@whymindsetmatters 2 месяца назад

Would structuring as a c-corp work as well if you don't have a partner?

@ClintCoons 2 месяца назад

Are you asking if you should structure your holding LLC as a C-Corp?

@whymindsetmatters 2 месяца назад

@@ClintCoons Yes sir! I'll also have an operating llc for my active and passive real estate. Thanks!

@sctt5071 3 месяца назад

Could the Holding LLC hold LLCs that are owned differently? For example ABC LLC is owned by only John and ABC2 LLC is owned by John and his brother Jake?

@ClintCoons 3 месяца назад

If John owns the holding LLC then only his interest in the other LLCs will be assigned to the holding LLC. Jake's interest will remain in Jake's name.

@topekarogers2726 3 месяца назад

Can this strategy work with only 1 Owner for the Holding Company?

@ClintCoons 3 месяца назад

Yes it can in Wyoming

@raiyahmarieb.msc.5406 3 месяца назад

So wait, are you telling me Massachusetts will allow me to create an LLC under the name of a created WY Holdings LLC? Will that cause me any problems because i dont live in WY... I know it may sound silly but its a ligit question from a newbie to the Real Estate scene...

@ClintCoons 3 месяца назад

Not an issue. We set them up all the time.

@TickTickBoom358 2 месяца назад

Which state is the most private and anonymous using a Registered Agent as a non-US citizen, Wyoming, New Mexico or Delaware?

@ClintCoons Месяц назад

All three are the same

@SteveAubrey1762 Месяц назад

Are there States that want a person named as owner/ manager , thereby defeating the privacy of a Wyoming LLC?

@ClintCoons Месяц назад

Yes, Oregon.

@jorgeflores6670 3 месяца назад

Were can I partner up whit Wyoming Holding LLC ?

@ClintCoons 3 месяца назад

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

@Usucre 3 месяца назад

How will the Corporate Transparency Act ultimately affect your anonymity through a holding company? I'm wondering if the freedom of information act will ultimately dig into the Corporate Transparency Act and make this information free to anyone who wants it.

@ClintCoons 3 месяца назад

You will not have anonymity with regard to any governmental agency requesting info on your company. Keep in mind, when you set up an LLC and obtain an EIN you do provide your information to the IRS.

@Usucre 3 месяца назад

Thank you for the clarification.

@mallhits 7 месяцев назад

in states like TX you have to file WY LLCs as a foreign entity and put your name on documents that will publically avaialable. this eliminates your anonymity. how does one get around this?

@ClintCoons 7 месяцев назад

You only file your WY LLC in TX if you plan on using the WY LLC to conduct business in TX. I do not recommend using the WY LLC in this manner. The WY LLC should only be a holding company and a separate TX LLC should be created for your TX business activity.

@Ryland-ur5dr 4 месяца назад

So you have a manager managed domestic TX or GA LLC, assuming you're doing business in those states, but the sole member of those domestics is the WY LLC? Is there a way to transfer ownership of existing domestic single-member LLC's to a WY LLC without triggering taxes? And how are existing commercial leases affected?@@ClintCoons

@bronzeage_222 6 месяцев назад

Why wouldn`t you set up an off shore LLC like a Nevis LLC. It seems to have better privacy protections than US based LLC's ?

@ClintCoons 6 месяцев назад

Offshore draws more scrutiny but it does have its advantages.

@bronzeage_222 6 месяцев назад

Absolutely but you could put your Wyoming LLC inside of the offshore LLC and then you get two layers between you and any other LLC’s sitting inside of the Wyoming LLC. and it probably depends on how much you have to protect.

@ClintCoons 6 месяцев назад

@@bronzeage_222 Yes that is the perfect way to look at it.

@brettlaw4346 9 месяцев назад

What options exist to protect against LLC theft?

@ClintCoons 9 месяцев назад

Always use the state where the LLC is filed when taking title.

@curtistavernier6539 5 месяцев назад

Would each LLC need an EIN?

@ClintCoons 5 месяцев назад

All of them

@headlibrarian1996 5 месяцев назад

@@ClintCoons All of them? If the subsidiaries are disregarded don’t they use the holding LLC’s EIN, just as they would use your SSN if you owned them personally?

@PeopleHealthTec 2 месяца назад

6:35 'One tax filing by making the Wyoming LLC the sole owner of your other LLCs, which become Disregarded Entities which means there is only one owner.'

@DavidParent3044 5 месяцев назад

Why not just put the property in the Wyoming LLC in the first place ? MA charges $500 per year per LLC.

@ClintCoons 5 месяцев назад

Ahh you could but if you are renting it out then you are considered doing business in the state where the property is located and will be required to register the entity.

@freeradical1567 3 месяца назад

Are you a Wyoming company?

@lseh4720 Месяц назад

What does Wyoming get from hosting all these LLCs if they don’t charge an annual tax like California, the $800. I’m not sure. I understand what Wyoming taxpayers get an allowance and what we have to pay Wyoming to do it if we don’t live there.

@ClintCoons Месяц назад

Annual entity renewal fee

@balticzar Месяц назад

Most banks won't lend to an llc. What am I missing? How do we purchase under our llc name? Thx. New to this.

@HotBoxTrucking 9 месяцев назад

wanna do this for me? name your price haha

@ClintCoons 9 месяцев назад

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

@valeriet5581 6 месяцев назад

It sickens me that this is even necessary in the Litigious States of America.

@anon.00maneras68 3 месяца назад

How does One contact You for a Counsultation? I have an LLC created in New Mexico that has been doing nothing fo 3 years. This Yeat FinCen has com around, and I am also trying to see if putting my Personal Cash into the LLC to protect it from Court Judgments. But I do not want to leave a paper trial that can track the money in my personal account to my LLC. I am also not sure how "Anonymous" it really is anymore and need to know how to find out before someone starts looking.

@ClintCoons 3 месяца назад

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