Trust, Holding Company, and then, LLCs
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- čas přidán 14. 03. 2023
- When building your Real Wealth Matrix, I highly encourage you to build it from top to bottom. Start with your Trust, then your Holding Company, and finally your Operational Companies.
If you have questions about how to do this when you already have some operational LLCs in place, comment with the words "Real Wealth Matrix" and I will send you more information.
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@@ThomasChai05That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
The Top to the Bottom approach makes a lot of sense; however, I've heard it is expensive to form trusts and holding companies, especially because of the hiring of attorneys.
You want your trust to be foreign - private, under exclusive equity. Using a lawyer will make your trust structure domestic and operating in the public venue. Create your own private documents while proceeding as a private American in sui juris and not as an infant of the court.
@@MegaDiablofulSchool me please!
@@MegaDiabloful Do you have any videos on this that you could recommend?
Amazingly said chosen one@@MegaDiabloful
@@MegaDiablofulyes and yes but it’s still expensive even if u make it yourself u have to have at least 10k in assets to put into it. That’s what I’m being told so it’s pointless for people who don’t have that just lying around
I thought I thought of this lol two days later I see this short. Good stuff 👍🏾
For someone who doesnt have a lot of cash start with a holding company in WY, they dont list memeber or manager so youve cut yourself off the record there, then you can start your OC llc and list it memeber managed listing the holding as the member your off the record. Then form the trust when you have made money as its the most expensive part. Thats what a lot of these tubers dont get is that normal people looking to start a small business likely dont have 15-20k to set the full structure from the start. WY Holding>OC>Trust is the most budget friendly way to grow into it without having to get your name removed from the llcs later that could be tracked back to you.
Thank you so much for commenting this. I think this is the best approach for me as well and exactly what I am going to do. So ive never applied for an llc so when applying and they ask for the name who do we put for the name when filing the Holding? as well as when we are filing to Operating who do we put for the name on there?
@Jasmine-zb2zd for the holding company you list both your name as memeber and manager (recommend WY) the reason we are picking WY is they don't make the memeber or manager public. Only the government, you, and your registered agent know you own this entity if you form it in WY. Then you create your OC (operating company) in the state that you want (as long as they allow single member LLC) you make it member managed and you only list the legal name of the holding LLC as the memeber you don't provide any personal details at all on the OC LLC. If you do this correctly when someone (let's say a lawyer) pulls the filing on your OC LLC the only owner thar will be listed is your holding LLC and when they search the holding LLC they won't find any info on the owner because WY doesn't list it. To get this info it much more expensive and time consuming and usually requires court orders etc. Please note your not hiding anything from the government anonymity only goes so far, if you wanted to be hard for even them to find you're talking about really expensive off shore options etc but the holding llc and oc llc is more than enough for normal people just looking for some assest protection and privacy.
@@tangodown2721 wow thank you so much this has helped me immensely I can do it before 2023 is over now that’s what I was stuck on also what about the address and phone number in Wyoming what do I list ? Or do I have to list anything at all?
@@tangodown2721 and also on the EIN for Wyoming Holding can I put all the same information and still be shielded like do they work the same with not making the member public?
W comment thread fs‼️🔥
How to Start the Trust?
Sorry I don’t know your name but have watch other videos.
I have my llc set up, which is held by my holding company in Wyoming. As my business grows, I’ll be setting up the trust.
A few questions:
1) I want to start a foundation or charity down the road. Can the trust own that or where does that fit into the puzzle? And which one is easier to manage with less constraints with members, regulations etc?
2) Thoughts on a international trust?
3) I saw a video you posted of having two holding companies. 1 for passive income and 1 for active, any particular reason why? Does it protect more keeping it the two separate?
4) Should holding companies and llc be taxed as a S-Corp?
Thank you.
Yes. Get an irrevocable charitable trust. Have the charitable trust be the beneficiary of family trust. International trust isn’t necessary
Thank you suh 💯💯💯
Thank you and Amen❤
Thank you for an easy breakdown.
Another important one is LLC pass through tax.
Wish I did this I started with a hold co
So trust first?
What if you started the operating company that is subsequently acquired by the holding company
Yo @uplevelentrepreneurship
Can you please do that CZcams thing.. whereas if & when you're mentioning a different video, it tags it or leads directly to it.
Thanks for the content & lessons
Looking to find out more on this subject. Can you point me in the direction of some books maybe or something? TIA!
Can you set this up for me and how much does it costs
Or you can file an amendment after the fact but there is a processing fee.
Can we do a cook island trust that owns a Wyoming holding company then put businesses under that
Where do I go to do the trust
Hey can you elaborate more on this in detail. Would live that. Thanks!
What I'd you already have an LLC on a different state from the ones you mentioned?
Is it true u need like 10 grand to even have a trust? If so this is not accessible to all people. Like I’m learning so much about trust but who has 10 grand laying around 😟
What kind of trust?
That depends on the property. It’s it’s real estate, a land trust.
That’s just what I know, beyond that, I don’t know.
How do you start the trust first???
Probate attorney
Shoot. New to it all and put in place an LLC. Is it possible to "correct" this in this structure.
It depends on the state you filed in, and who set it up. Not all states list the owners, but most if not all list the organizer. If that’s the case you should be able to rectify it, if anonymity is important to you. That would be the only way I could see it. You should contact a corporate attorney to be sure.
okay so I only have a LLC since 2014 .... I need help clearly
How do I start the trust? Do I need an attorney?
So if I’ve gone completely backwards with this, am I able to fix it? So I created all my LLC’s years ago and I just recently created my Trust. Am I able to move those LLC’s into the trust and if so, what is the easiest way to do it?
🤯🤯🤯
How does the new BOI reporting affect this?
Thanks
Jfc.
Can’t you just sell the operating company to your holding company after you set it up?
What is a "Trust" in Norway… i have created 2 llc, 1 is holding/invest company, 2 is the operasjon company. But here in Norway looks like there is no such thing as a TRUST/TRUSTEE
Trusts are the offspring of English common law, and are primarily seen in common law jurisdictions, meaning England and its former territories and colonies. Some countries have added trusts to their civil law, such as Liechtenstein.
In a trust the trustee holds property, donated to the trust by the grantor, for the benefit of the trust’s beneficiaries. The duties and powers of the trustee are specified by the trust agreement. Generally the beneficiaries gain control of that property (which may be real or personal) upon the death of the grantor.
BAD ADVICE. NEW LAWS. UPDATE THIS SO YOU DON'T HARM ANYONE PLEASE.
Plz explain
Explain
Shut up. If you don’t know about something don’t go pooping your comments
Don’t listen to anyone named user 😂
Lmao “ don’t listen to anyone named user”