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“Real estate offers huge financial advantages to those who will learn the system.”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors
“There are great advantages to investing in real estate, both as a cash flow business and as a wealth builder.”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors
“By including special language in your LLC’s operating agreement you may be able to create a safe harbor to insure that future special allocations will have a substantial economic effect.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“the creditors did not even bother to pursue her.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Do not be swayed by glowing testimonials and fancy brochures.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Our firm charges $125 a year and the service is free for the first year you form your entity.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“That argument worked until the state of California decided that each series would be taxed as a separate LLC. So instead of paying just $800 for one series LLC in California you would pay, in our four-asset example, $3,200 for the series—the same as if you’d used four separate LLCs with greater certainty of protection.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Successful real estate investors realize the value of surrounding themselves with experts in a range of areas—taxes, the law, real estate, insurance, property management, etc.”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors
“The sole burden of the partnership’s debts fell upon Louise.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“In addition to the annual LLC franchise fee of $800, the state of California hits LLCs with a fee based on their gross receipts. This fee has nothing to do with whether your company is profitable or not. It is only based on revenue generated, so you can lose money and still owe the fee.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Most of us don’t realize that real estate investments allow our money to accelerate at a greater pace than typical paper investments.”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors
“(It should be noted that under California, New York and several other states’s law Chalmer could force a sale of Teo’s fourplex. This is why you want to use Nevada and Wyoming LLCs in certain states with weak asset protection laws.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Of course, your advisory team can only take you so far.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“To avoid the double tax of a C corporation, most C corporation owners make sure there are no profits at the end of the year. Instead, they use all the write-offs allowed to reduce their net income.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“If you have a business that is not operated as a limited liability entity, your personal assets and all of the assets of the business may be in jeopardy.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“The ownersâ€� liability is limited to the monies they used to start the corporation, not all of their other personal assets.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“In an LLC, the members get the benefits of business debt,”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“income potential, full ownership, appreciation of equity, and tax deductions.”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors
“So do not worry about asset protection being unaffordable.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“It is recommended that these issues be discussed with your attorney,”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“The two main reasons you need to own your own corporation are for protection against law suits and against excessive taxes, yet there are many other reasons and other strategies. The point is, if you are serious about being rich and keeping your wealth, understanding corporations and other legal structures is an important part of your ongoing financial education.”
Garrett Sutton, Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“In a C corporation, the profits are taxed at the corporate level and then taxed again when a dividend is paid to the shareholder.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“you must file annual reports and pay an annual fee to your state.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Prepare or Have an Advisor Prepare Separate Tax Returns.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“if an LLC had not been used the result would have been much worse.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“On an annual basis you are essentially paying the extra cost of maintaining a Nevada corporationâ€�$325 to the Nevada secretary of state and $125 (or so) for a resident agent in Nevada.”
Garrett Sutton, Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
“Our financial, tax, and legal systems are set up to reward property owners”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors
“tax laws allow you to offset your earned income by up to $25,000 in passive losses from real estate, as long as your adjusted gross income is below $100,000.”
Garrett Sutton, Loopholes of Real Estate: Secrets of Successful Real Estate Investing (Rich Dad's Advisors

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