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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/
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Listen to the entire audio interview at the links below or on your favorite podcast platform.
Apple Podcasts: https://apple.co/3jDqftx
Spotify: https://spoti.fi/31GUDwW
Website: https://bit.ly/2DaIoPH
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? Chapters →
0:00 Introduction
0:52 What is asset protection
4:00 Misconceptions about LLCs
6:06 Making sure you’re following the rules
8:27 The risks of comingling accounts
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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/
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To learn more on this topic follow these links:
What Is a Limited Liability Company (LLC)? – Nolohttps://www.nolo.com › legal-encyclopedia › what-is-a-…
How Do You Start an LLC? — Everything you need to know about limited liability companies (LLCs). By Stephen Fishman, J.D.. An LLC, or Limited …
What is an LLC?
Who Should Form an LLC?
What Should I Know About an LLC? – businessnewsdaily.comhttps://www.businessnewsdaily.com › … › Startup Basics
How do you start an LLC? — The federal government references LLCs as a "disregarded entity." When you choose this particular business structure, you …
What is an LLC?
What are the benefits of an LLC?
Everything You Need to Know About Limited Liability …https://smallbusiness.chron.com › everything-need-limit…
A Limited Liability Company (LLC) is a popular hybrid organizational structure that blends features of a partnership and a corporation to create a more …
What is An LLC: Everything You Need to Know – UpCounselhttps://www.upcounsel.com › what-is-an-llc
As a company, a limited liability company (LLC) is a separate and distinct legal entity. An LLC can get a tax identification number, open a checking account, …
