This guy is the real deal, straight gold every video, the number 1 mistake anyone has ever made.. not finding this man first before doing ANYTHING else
Seems like a good idea! Just because there are legislation with default provisions isn’t a good reason for you to lean back. The way I understand it, it was put in there to have some minimum to fall back on should you not have an agreement in place. So you always want to draft that agreement in order to be in control. Consult your specialist before, or someone else’s specialist will come after you
I've been so engrossed in your teachings over the past few weeks that I feel I should earn a diploma. My partner and I both believe that your guidance, specifically yours, is all we require to establish our real estate company. Although I wasn't pleased with the initial response from your office, I'm determined and won't give up. Speaking with you, Sir is my utmost desire. I will be waiting for your response.
I understand a title or escrow company wanting to know if the signing officer has authority to sell the LLC's property, but why do they care who the member(s) are? Why assign membership in the operating LLC to the holding LLC rather than make the holding LLC the initial member of the operating LLC? Also, a grantor trust would seem to work as well in many cases as a holding LLC. The trust, after all, doesn't have to have your name in its title and they don't have annual fees or reports.
Title wants to verify that who the ultimate owners are because nothing is listed in the public record so they are doing their DD. You assign ownership to make it easier to open accounts or deal with title if a 3rd party asks to see a copy of your LLC operating agreement.
Are all these items valid in all states? If I add a "charging order provision" in my WA LLC OA, and if WA law does not allow it, then will my OA become invalid?
Clint is God send, I am in a good space because I will be starting everything new and clean , but I am in South Africa ,not sure how I will get the Wyoming access or how will everything taught work for me in SA😊
what if I have already have registered with the Florida state secretary and business tax registration as a SOLE MEMBER / AMBR? How do i protect myself through my operating agreement on a single member LLC in the state of Florida?
Hello CLINT, I think here if a person does not have an LLC or perhaps has an LLC, if a good alternative to avoid probate and have few costs can be put the Form "Transfer by Deed of Death" in Wyoming or other 29 States that Do we accept this type of procedure?
@@ClintCoons Florida allows Pay On Death/Transfer On Death for stock and LLC interests. Add an appropriate clause to your operating agreement or corporate bylaws and bypass probate (and it will override your living trust, if you have one).
This guy is the real deal, straight gold every video, the number 1 mistake anyone has ever made.. not finding this man first before doing ANYTHING else
Excellent advice! I’ve got a land trust atty who also writes holding company LLC operating agreements on speed dial. Expensive but worth it.
"LegalDoom...excuse me Zoom" HAHAHA
Thanks so much. Great information.
Glad it was helpful!
Excellent advice! Thanks I won’t use do it yourself. You laid out great reasons why to have a good OA
Glad it was helpful!
Seems like a good idea!
Just because there are legislation with default provisions isn’t a good reason for you to lean back.
The way I understand it, it was put in there to have some minimum to fall back on should you not have an agreement in place.
So you always want to draft that agreement in order to be in control.
Consult your specialist before, or someone else’s specialist will come after you
I've been so engrossed in your teachings over the past few weeks that I feel I should earn a diploma. My partner and I both believe that your guidance, specifically yours, is all we require to establish our real estate company. Although I wasn't pleased with the initial response from your office, I'm determined and won't give up. Speaking with you, Sir is my utmost desire.
I will be waiting for your response.
@skiz007
Thanks for watching. Have you attended my 1-day tax and asset protection live stream? I am teaching one this Saturday.
@@ClintCoons I know. I watched it. What I was saying is that I want to hire you for my business formation .
@@skiz007 🤣My misunderstanding. If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
@@ClintCoons Hi, I sure did but I need one-on-one contact. I've reached out to your team but seem to make any headway.
@@skiz007 Did you schedule a strategy session? aba.link/clintss
"legal doom" 😆
You are the man
Thanks for clear and accurate information 👊
@vvysoc
Thanks for watching.
I understand a title or escrow company wanting to know if the signing officer has authority to sell the LLC's property, but why do they care who the member(s) are?
Why assign membership in the operating LLC to the holding LLC rather than make the holding LLC the initial member of the operating LLC?
Also, a grantor trust would seem to work as well in many cases as a holding LLC. The trust, after all, doesn't have to have your name in its title and they don't have annual fees or reports.
Title wants to verify that who the ultimate owners are because nothing is listed in the public record so they are doing their DD. You assign ownership to make it easier to open accounts or deal with title if a 3rd party asks to see a copy of your LLC operating agreement.
Good explanation on LLC but need to clarify that (1) How can i apply ? and (2) Assist of a company can apply
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
Thank you for sharing Clint
You bet
Would an operating agreement have to be adjusted if you foreign file your business in another state? Say the formal is WY and the foreign be MI
No it does not.
Are all these items valid in all states? If I add a "charging order provision" in my WA LLC OA, and if WA law does not allow it, then will my OA become invalid?
No it just wont have the same effect as it would if the LLC was a WY LLC.
Clint is God send, I am in a good space because I will be starting everything new and clean , but I am in South Africa ,not sure how I will get the Wyoming access or how will everything taught work for me in SA😊
It will work the same for you as it does anyone who invests into the states. Best to check on how the income will be taxed to you.
@@ClintCoons thank you, as always,
Know that you are shaping the world and for that you will be blessed!✌🙏
Bang'n jacket.
what if I have already have registered with the Florida state secretary and business tax registration as a SOLE MEMBER / AMBR? How do i protect myself through my operating agreement on a single member LLC in the state of Florida?
You need to add another member - possibly a family member or move your ownership to a WY LLC.
Hey im in illinois i need an operating agreement can we set up a consultation
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
FREE STRATEGY SESSION ITS NOT TRUE.
Hello CLINT, I think here if a person does not have an LLC or perhaps has an LLC, if a good alternative to avoid probate and have few costs can be put the Form "Transfer by Deed of Death" in Wyoming or other 29 States that Do we accept this type of procedure?
What you refer to as a ladybird deed and it would not apply to an LLC owned property because the LLC does not die.
@@ClintCoons Thanks
@@ClintCoons Florida allows Pay On Death/Transfer On Death for stock and LLC interests. Add an appropriate clause to your operating agreement or corporate bylaws and bypass probate (and it will override your living trust, if you have one).