Rich people hire asset protection specialists to protect and hide their assets. So do real estate investors who know their stuff.
You already know about the LLC and the protections the limited liability company gives you. If anyone tries to sue you and claim your assets, the LLC gives you some protection.
A legal website, a CPA or attorney who don't specialize in asset protection can how to start an LLC. But now everybody can find out about your LLC. So your assets aren't really protected in the event of a lawsuit.
The protection you need is something you get through anonymous trusts. As such, you can hold the LLC anonymously. Trusts are private documents, and you can use them to own the LLC. Nobody would be able to find out who owns your trust, nor would they be able to find out who the beneficiary is.
The ultimate goal of having the LLC is to hold the asset (the piece of property or real estate). The property has a deed that says who owns it. If your LLC is listed to the owner, everyone knows you own it.
That's your worst-case scenario.
A trust itself can actually be a title holder to the property. This keeps anybody from being able to connect your property to your company. So you have complete anonymity. Nobody can find out who owns your company, and nobody can seize your assets in a frivolous lawsuit.
Scott Royal Smith is an asset protection attorney and long-time real estate investor. He's on a mission to help fellow investors free their time, protect their assets, and create lasting wealth.
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