Komentáře •

  • @ClintCoons
    @ClintCoons Před 6 měsíci

    Learn about Real Estate & Asset Protection at our next all-day free Livestream. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/z7z

  • @alliesteamc3546
    @alliesteamc3546 Před rokem +1

    Thank you very much for sharing your valuable expertise!

  • @user-gw8hm9ve3m
    @user-gw8hm9ve3m Před rokem +3

    Your hypotheticals are enriched with the game. Your omnidirectional coverage is definately a value add. Subscribing, Liking and commenting. Thanks Bro.

    • @ClintCoons
      @ClintCoons Před rokem

      SCOTT JONES
      Thanks for watching.

  • @sarahsingleton2020
    @sarahsingleton2020 Před rokem

    love this dude

  • @nathanstitt7459
    @nathanstitt7459 Před 2 lety

    hey, this was an amazing video. a true asset on asset protection.

  • @richruelas
    @richruelas Před 2 lety +7

    Wow Clint, you gave such useful and understandable,l info on this. I have heard of people loosing everything and its obvious to me now how that can occur. This takes planning. I think you and your company really understands how to navigate through all of the laws regarding asset protection. I do not hear anyone getting into the details as you.
    Thank you again!

  • @kostas3031
    @kostas3031 Před 2 lety +8

    Thank you for the information. Fantastic information. The only thing I didn't get is why not Wyoming LLC own the assets directly instead f indirectly through other llc's as you showed.

    • @ClintCoons
      @ClintCoons Před 2 lety +19

      If something goes wrong with one of your investments then the WY LLC is at risk and all of its assets. You use the separate LLCs to segregate and minimize your liability exposure.

    • @brad265
      @brad265 Před rokem

      Also the WY LLC needs to be registered in your state you do business in. That will probably put your name on public record.

  • @joshuabaker1068
    @joshuabaker1068 Před 2 lety

    Great video!

  • @demarcuswellington8305
    @demarcuswellington8305 Před 11 měsíci

    So informative.

  • @303Estates
    @303Estates Před 2 lety

    Gotta say, you are a genius in this stuff, and thankfully, you think outside the box!!

    • @ClintCoons
      @ClintCoons Před 2 lety +1

      Thanks Svend

    • @303Estates
      @303Estates Před 2 lety

      @@ClintCoons if I needed your help setting up my 5 rental buildings, and creating a bullit proof liability protect, how do we do that...

    • @ClintCoons
      @ClintCoons Před 2 lety +1

      @@303Estates If you would like a FREE 30-minute consultation to discuss your 5 rentals and an asset protection plan, you can request one here - aba.link/30minSession

  • @rickertpropertygroup
    @rickertpropertygroup Před 2 lety

    So damn good!!! Thank you very much

  • @llcmanager654
    @llcmanager654 Před 2 lety

    Thank you for all the content you make for us.
    Another attorney on CZcams makes the point that should they happen to connect you with that WY LLC, it more or less hands over all the other LLCs owned by it as a nicely wrapped package. What are your thoughts on this?
    I did create a WY LLC years ago after watching some of your videos, so thank you for all of your information.

    • @ClintCoons
      @ClintCoons Před 2 lety +1

      Could you send me a link to the video so I can respond? I would need to see his take on how this would be turned over.

  • @spiritakarabbit369
    @spiritakarabbit369 Před 8 měsíci

    Thanks...

  • @RobTaylorRTP
    @RobTaylorRTP Před 11 měsíci

    Would you be listed as a member or manager on the wyoming LLC when you set it up? Or would you have someone else listed for more anonymity?

  • @Greghh1960
    @Greghh1960 Před 2 lety

    Great Content. In the Platinum membership program you are offering, does that include assisting with the operating agreement language you talked here including a proper setup strategy of the multiple LLC's I may have in different states?

    • @ClintCoons
      @ClintCoons Před 2 lety

      Platinum does not include drafting operating agreements. We provide this service as well.

  • @ediethesalsafreak
    @ediethesalsafreak Před 2 lety +1

    Great vide Clint.
    What is the process exactly of moving your LLCs into your limited liability Wyoming company?
    Do I have to deed them over?
    Do I do an assignment letter?
    Do I do both?
    Do I have to file the above with Wyoming Secretary of State?
    That would be a great video for the future.
    I can’t seem to find this information ANYWHERE!
    Thanks again for all your hard work.

    • @ClintCoons
      @ClintCoons Před 2 lety

      Look at your operating agreement and find out the process for assigning your membership interest to another party. You want to make sure the transfer is compliant with your operating agreement.

  • @shermainesoh8642
    @shermainesoh8642 Před 2 lety

    amazing. but i wonder if these theory applies for foreigners?

  • @BigDaddyGarth
    @BigDaddyGarth Před 2 lety +1

    You are a freakin beast, taught me so much

  • @sachinanantha2715
    @sachinanantha2715 Před 2 lety +2

    Hello Clint, learning so much from you as usual. Thank you very much. I heard Texas dose not offer charging order protection for single managing member? If so does the operating agreement indicating that charging order protection is the sole resolution and foreclosure and receiver etc are not possible? Or the state has to support the statue and operating agreement alone cannot offer the protection on its own? If it needs to be the state statue protection then is the only solution to have the member to be LLC in Wyoming, Delaware, Alaska etc?

    • @ClintCoons
      @ClintCoons Před 2 lety +2

      Texas offers charging order protections for SMLLCs. Where did you hear that?

    • @sachinanantha2715
      @sachinanantha2715 Před 2 lety

      @@ClintCoons Clint, I read this on couple of lawyer websites that only 5 states (Alaska, Wyoming, Delaware, South Dakota and Nevada) offer charging order protection for SMLLC and Texas requires at least 2 members. (I tried to paste the links, but looks like my reply got deleted :)). But it would be great if you have a reference to the Texas statue that indicates charging order protections for SMLLC. Much appreciated

    • @ClintCoons
      @ClintCoons Před 2 lety +1

      @@sachinanantha2715 Here is the statute: Business Organizations Code Section 101.112. Here is a TX case on the matter: casetext.com/case/in-re-prodigy-servs

  • @SK-sy9fr
    @SK-sy9fr Před rokem

    Hi Clint, I watch all of your videos, very informative thank you. Would I be able to buy a operating agreement that you’ve perfected over the years that you mentioned in this video from your firm for my claims adjusting business LLC

    • @ClintCoons
      @ClintCoons Před rokem

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

  • @Darrell_lewis_massage_realtor
    @Darrell_lewis_massage_realtor Před 10 měsíci

    Does Texas still respect charging order for Single member LLC’s? I’m getting mixed info online

  • @dman10000000
    @dman10000000 Před 2 lety

    I'm a huge fan..I'm in South Carolina and not sure if charging order protection is the only remedy or not.

    • @ClintCoons
      @ClintCoons Před 2 lety

      It does not. SC allows for the appointment of a receiver and foreclosure.

  • @MsAllie-hf1bh
    @MsAllie-hf1bh Před 2 lety

    Sir do a video on multi membership llc please for real estate investment groups.

    • @ClintCoons
      @ClintCoons Před 2 lety +1

      I have added to the list. Thanks.

  • @mytunes2922
    @mytunes2922 Před 2 lety

    Another great educational session.
    Can you please provide a list io states that provide Charging order protection for single member LLCs?
    I could find just 5 Delaware, Wyoming, South Dakota, Alaska and Nevada
    What kind of protection does Virginia offer?
    If I and my spouse are members, do we get the same protection ?

    • @ClintCoons
      @ClintCoons Před 2 lety

      VA offers great charging order protections. I think you have the states that specifically mention single member LLCs but that does not mean VA would not provide the same protection to a SMLLC as it would to a multi member LLC.

    • @mytunes2922
      @mytunes2922 Před 2 lety

      @@ClintCoons Thank you

  • @Justification47
    @Justification47 Před 2 lety +1

    Hi Clint
    im confused. In your video 8 mistake made in an operations agreement you said you should have no charging order language, but now you are saying I should have the charging order language to be the exclusive remedy .
    Please explain.

    • @ClintCoons
      @ClintCoons Před 2 lety

      No I said you need charging order language. It is imperative.

  • @dominicschiraldi2301
    @dominicschiraldi2301 Před 2 lety

    Hi Clint, if I have a C Corp/Stock in Delaware or Wyoming, can a creditor take the stock ? Or does the charging order protection allow me to keep the shares I have ?

    • @ClintCoons
      @ClintCoons Před 2 lety

      Does not apply to stock. Put your shares in an LLC for the protection - (unless it is an S-Corporation then you must set up your LLC as a disregarded entity)

  • @maysabalout6725
    @maysabalout6725 Před 2 lety

    Hi Clint- you are a GEM. Canadian investor going into Ohio shortly. I have to set up a CCORP IN WYOMING with LLC in Ohio… would CCORP own the house or LLC? How would we use you guys to structure LIABILITY if Ohio home LLC is sued?

    • @ClintCoons
      @ClintCoons Před 2 lety

      For Canadians we use a limited partnership with an LLC as the general partner. You do not want to use LLCs because the CRA will hit you with a double tax.

  • @Rholmesjr100
    @Rholmesjr100 Před 3 měsíci

    Clinton what if the debtor committed fraud using the LLC. Will Wyoming allow foreclosure?

  • @tonischattauer139
    @tonischattauer139 Před 2 lety +1

    Good info! I am wondering: if there is a charging order against you personally, but you are employing this strategy/not taking distributions from LLC/creditor is just sitting on this uncollected judgment... what happens to that award or your LLC interests in the event you die with judgment still unpaid? Does your executor/trustee have to pay off judgment as one of your "just debts" or does judgment still attach to LLC or ...? Thanks for videos, I'm learning a lot.

    • @ClintCoons
      @ClintCoons Před 2 lety +1

      The judgement will expire after 10 years. The judgment would not expire because you passed but will after the requisite period of time.

    • @tonischattauer139
      @tonischattauer139 Před 2 lety +1

      @@ClintCoons So family would just need to be alerted to "stick with the plan" (no distributions) until 10 years after judgment. Got it. Thanks. (Not planning on gettin sued and not planning on dying real soon, but stuff happens!)

  • @fhf967
    @fhf967 Před 2 lety

    So I shouldn't bother putting charging order language in my llc operating agreement if my llc was formed in California?

  • @gwillacey
    @gwillacey Před 2 lety

    When you set up your UTAH LLC what do you put on the documents to show that the Wyoming llc is the owner?

  • @MekoWilliamsTV
    @MekoWilliamsTV Před 2 lety

    Clint Coons you are fucking awesome dude!

  • @minihoneybee
    @minihoneybee Před rokem

    If I set up a land trust for a property with me and partner as beneficiaries but assigning our interests to an LLC where we are the owner. Will creditor be able to go after the property in court because the LLC actually own the property and we are the owner of the LLC? Is this why you suggest assigning beneficiary interest to a Wyoming LLC in your other videos?

    • @ClintCoons
      @ClintCoons Před rokem

      If the creditor is an injured tenant or someone the LLC engaged for services then the creditor will bring a claim agains the LLC. If it is a personal creditor then it is against you and not the LLC.

  • @mikhailbespartochnyy2555

    You mentioned that you have a great language in your Operating Agreement that you've refined over the years to make sure that your client assets are protected from personal creditors. Is there a template of that Operating Agreement that's available for purchase?

  • @patrickmelson4745
    @patrickmelson4745 Před rokem

    How important is the Operating Agreement for LLCs?

    • @ClintCoons
      @ClintCoons Před rokem +1

      Very if you are involved in an audit or lawsuit. So long as neither occurs most people will never ask besides possibly a bank or title company.

  • @shovelheadseven
    @shovelheadseven Před 10 měsíci

    If you are not in Wyoming but have a Wyoming LLC as your holding company for Arizona rental property and reside full time in Caifornia do the protections extend to out of the state of Wyoming?

    • @ClintCoons
      @ClintCoons Před 10 měsíci

      Yes the protections from LLCs extend to where you live.

  • @viracitycorp2577
    @viracitycorp2577 Před 2 lety

    how can you take out a loan if house/llc has a charging order already on it>

    • @ClintCoons
      @ClintCoons Před rokem +1

      The charging order attaches to the holding LLC not the upper tier property LLCs. You would work with a Non-QM lender to obtain the loan.

  • @MrAdamLove
    @MrAdamLove Před 2 lety

    If I have a LLC in Kansas does a WY LLC have to register with the state of Kansas in order to be a member of that KS LLC?

  • @rheacecontracting
    @rheacecontracting Před 2 lety

    How do I get an operating agreement from you guys for my WY LLC?

    • @ClintCoons
      @ClintCoons Před 2 lety

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

  • @robertlalum1461
    @robertlalum1461 Před 2 lety

    I was looking earlier at one of your videos and you said no charging order language should be in your llc now your saying it must state a charging order as a sole remedy as charging orders are the sole remedy in Texas where I'm at. Confused 😕

    • @ClintCoons
      @ClintCoons Před 2 lety

      I get it. You need the language in your LLC operating agreement and your LLC must be formed in a state that recognizes the charging order as a the sole remedy.

  • @tremerefury
    @tremerefury Před rokem +1

    Clint, what is your opinion of an anonymous LLC via Nevis?

    • @ClintCoons
      @ClintCoons Před rokem

      Apples and oranges. I prefer to use Dubai as it is near impossible to get through. This type of planning is next level and is something to be considered if you are in a high risk profession or have significant assets.

  • @Walter1
    @Walter1 Před 18 dny

    Where do you send the operating agreement for LLC?

    • @ClintCoons
      @ClintCoons Před 14 dny

      Your operating agreement is private and is not shared with third parties.

  • @radiuminvestmentsllc1617

    Dear Clint
    If my CA llc is owned by a WY llc then it’s still a single member llc then can creditors or the court can still dismantle it and take away the assets? Or should it’s owned by 2 WY llcs instead?

    • @ClintCoons
      @ClintCoons Před 2 lety

      A personal creditor can only go after what you own and that is a WY LLC. You do not own the CA LLC.

    • @radiuminvestmentsllc1617
      @radiuminvestmentsllc1617 Před 2 lety

      @@ClintCoons I’m worried if the creditors or court can pierce the corporate veil of the WY llc and take over the CA llc and/or the assets inside it?

  • @Magallo-sd6lp
    @Magallo-sd6lp Před rokem

    Let’s say you are ordered a restitution and you create or already had this structure would that save your assets ?

    • @ClintCoons
      @ClintCoons Před rokem

      You must have the structure in place before.

    • @Magallo-sd6lp
      @Magallo-sd6lp Před rokem

      Before the legal fact or before you did wrong, thank you so much I have seen most of your videos and somehow has been for lot help.

  • @armobyzantine5881
    @armobyzantine5881 Před 2 lety

    Loan yourself money ok but how are you going to repay the loan if there's a charging order in the first place would the courts ask how did you repay the loan where did the money come from?

    • @ClintCoons
      @ClintCoons Před 2 lety

      Set it up as interest only and repay the interest per the schedule. If you do not then it would be considered a disguised distribution. I also assume the charged member would have other sources of income e.g., w-2, to help pay the interest. Further the loan should not be used to meet your living expenses otherwise this could give a creditor a possible in.

    • @armobyzantine5881
      @armobyzantine5881 Před 2 lety

      Ok the loan would be for business only use so the creditor would not have a possible in , but wouldn't the w-2 earnings be garnished from the creditor also

  • @neil5611
    @neil5611 Před 2 lety

    Need to book a meeting asap.

    • @ClintCoons
      @ClintCoons Před 2 lety

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

  • @Shae8
    @Shae8 Před 8 měsíci

    ❤❤❤

  • @renegadephilosopher5996
    @renegadephilosopher5996 Před 3 měsíci

    I have a question regarding a Wyoming based holding company. Once i have that business set up in Wyoming do I then make all of the subsidiaries member managed or manager managed? My gut tells me to do manager managed even though I own the holding company and the holding company is the sole member. Do I appoint myself as a manager of that company on behalf of the holding company and leave the subsidiary company manager managed?

    • @renegadephilosopher5996
      @renegadephilosopher5996 Před 3 měsíci

      Anonymity is the ultimate goal here.

    • @renegadephilosopher5996
      @renegadephilosopher5996 Před 3 měsíci

      Or should I do member managed, but have a clause that allows me to appoint an officer on the behalf of the holding company within the operating agreement?

    • @ClintCoons
      @ClintCoons Před 3 měsíci +1

      The sub LLCs are member managed with officer provisions.

    • @renegadephilosopher5996
      @renegadephilosopher5996 Před 3 měsíci

      @@ClintCoons I appreciate your response. Thank you.

  • @raakgu
    @raakgu Před 8 měsíci

    @ClintCoons
    I have a commercial property. I want to pay you guys to set it up this way for me.
    Wyoming LLC
    Operating agreement
    And I have a business LLC I’d like to move into the holding company as well.
    How do I make an appointment to talk to you?

    • @ClintCoons
      @ClintCoons Před 8 měsíci

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

  • @user-vf4px5er2l
    @user-vf4px5er2l Před 10 měsíci

    Since operating agreements aren't recorded, couldn't a debtor just write their operating agreement after they've been sued to include the charging order "sole remedy" language?

    • @ClintCoons
      @ClintCoons Před 10 měsíci

      Yes you can restate your operating agreement.

  • @Steven-vi5nb
    @Steven-vi5nb Před rokem

    Do any states provide charging order protection for a trust?

    • @ClintCoons
      @ClintCoons Před rokem

      They do not. If you want to set up a trust with asset protection, you might consider using a Nevada Asset Protection Trust.

    • @Steven-vi5nb
      @Steven-vi5nb Před rokem

      @@ClintCoons Thanks! Follow up question: If I had all my large assets in a Nevada Asset Protection Trust, I financed an investment property in my personal name and someone was injured on the property. Would my trust assets be protected from a charge order protection against me personally?

    • @ClintCoons
      @ClintCoons Před rokem

      @@Steven-vi5nb The person injured on the property will bring action against the property owner. If the trust owns the property then the trust will be the defendant.

    • @Steven-vi5nb
      @Steven-vi5nb Před rokem

      @@ClintCoons First of all, thanks so much for your expertise, the only reason I can have a semi-adult conversation about all of this is because of your videos!
      But, I think our wires are a little crossed. I'm wondering if my assets were in the asset protection trust, BUT the property in question was not in the trust (just in my personal name), would my trust assets be protected from any personal liability resulting from the property held in my personal name, not held in the trust.
      The context to my question is: If I did 90% financing on a $200k property, my liability exposure is only the equity ($20k), so not much. I'd get optimal loan options because we'd close in my personal name, not an LLC. But if someone got hurt on my "personal" property and sued, they could go after my $20k equity, which I'm okay with. But would my assets held in the Nevada Asset Protection Trust be protected?

    • @ClintCoons
      @ClintCoons Před rokem

      @@Steven-vi5nb Yes, I now understand your question. A claim made against you should not be enforceable against the assets held inside of the NAPT (this assumes it is properly set up). Keep in mind with NAPTS they are very technical and must comply with the statute to pass muster.

  • @terryseldon7446
    @terryseldon7446 Před 2 lety

    👏👏👏👏😇

  • @theothertroll
    @theothertroll Před rokem

    Why would you be collecting rent and retaining cash in a property’s LLC? 🤢

    • @Darrell_lewis_massage_realtor
      @Darrell_lewis_massage_realtor Před 10 měsíci

      RENTAL LLC ➡️Holding company ➡️you ➡️other cash holding company. 3 minutes to save your cash