The Basics of Asset Protection for Real Estate Investors
The basics of asset protection comes down to two parts. One is we separate the assets from the operations. All of the assets are held in one company. And this particular company doesn’t interact with anybody, doesn’t do anything, and has no contact with the outside world. It’s held in anonymous names, inside of anonymous trusts and anonymous structures that nobody can even find out who owns them. The operating company is a shell company This company owns no assets but it conducts all of the business. It’s your face to the world, it’s the one that we want people to sue if there’s ever a dispute. In fact we wanna structure our contracts that says if we have a problem you have to sue only this company. That protects us from all types of liability. Whenever you’re setting up a good asset protection strategy, always think, assets on one hand, complete anonymity and separation, operations on the other. My name is Scott Smith, and I’m an asset protection attorney, specializing in real estate, I’m a real estate investor myself, and I want to help you.