One Way To Ruin Your LLC… And Be Proud Of It (Part 1 of 3)

[WARNING: The following material derives from 100% all-natural, real intelligence. No artificial ingredients.]

If you're like most people, you would readily espouse an interest in having your "affairs in order."? After all, who doesn't want a solid plan in place to deal with their "stuff" that will last longer than they do ("Estate Planning")?? Though most neglect it, who - if asked - would really say they don't want to ensure they actually hold onto their “stuff” long enough to get to pass it along to loved ones ("Asset Protection")?? Moreover, who in their right mind is looking for ways to "tip" the IRS ("Tax Mitigation")??

Of course, also if you're like most people, “you don't know what you don't know.”? In fact, there's a pretty good chance that some of what you do (supposedly) know... really isn't so, after all.? By definition, since you think you know, you’re clueless that you really don’t.? Of course, erroneously thinking you have something already figured out could be worse than thinking nothing at all. Indeed, to your mind, the matter's already settled... so you're not even "in the market" for information on this subject matter you've purportedly already decoded.?

A prime example of this is when I cover Charging Order Protection with my Customers.? The vast majority have never even heard the term (“don’t know what they don’t know”).? Those who don’t even know what it is certainly aren’t “forum shopping” for a jurisdiction for their LLCs (or otherwise) that has favorable laws pertaining to it.??

If people happen to know enough to attempt Charging Order Protection for their business association, they generally do not know enough to do so correctly.? “Correctly,” in this case, is defined as doing so both with efficacy and also likewise positively impacting their Estate Planning, Asset Protection, and Tax Mitigation (3 Pillars of Planning) goals.?

Case in point, for instance, a married couple will co-own their own LLC (and, as “proud business owners,” be excited about it).? Though they may have theoretically established Charging Order Protection (time will tell), they also just violated the #1 Rule of Asset Protection.? That transgression negatively “backfeeds” to create unnecessary Estate Planning problems.? Not to be left out, they also just missed an opportunity to easily engage Tax Mitigation, like nullifying some transfer taxes.?

This exemplifies how important it is to have a well-rounded understanding of the issues in play.? My CheatSheet dealing with the topic of Charging Order Protection covers all the bases.? It’s the bite-sized overview of a Course I call “Double-Trouble via Dual Ownership.”? That Course (known as “Charging Order Oracle,” for short) ensures that you are aware not only of the importance of Charging Order Protection inherently, but also how best to cohesively trigger it in your entities for maximum positive impact on all 3 Pillars of Planning.?

A perfect testimonial for this arises especially when I have Customers who are single and have no partner.? Like anyone else, I help them appreciate the need to not only protect themselves from their business… but also protect their business from themselves.? Of course, single folks as sole proprietors don’t even have another person with whom to make the mistake of co-owning their business entity.?

Evincing the magnitude of the breadth and depth of the solutions I provide, I easily overcome their “single” status and show them how to readily achieve dual ownership.? In so doing, they honor the #1 Rule of Asset Protection, optimize their Estate Planning objectives, and set the stage for lawful Tax Mitigation.? As a bonus, this all happens in a multi-generational framework, so it’s not myopic like the vast mass of “just for me” plans people pay to put in place.? What’s more, they never lose operational control over assets or the ultimate benefit from property and resources.?

So, if you don’t know how to effectively trigger Charging Order Protection with the side benefit of aiding the 3 Pillars of Planning (which we’ll cover more next time), or don’t even know what Charging Order Protection is… I suggest you grab my CheatSheet for “Double-Trouble via Dual Ownership” (a.k.a. Charging Order Oracle.).? So you have context and perspective, this is the first Course in Track 2 of Your 3-Hour “LAW DEGREE.”? Track 2 covers the three, non-optional Implementation Strategies I deploy to honor the 3 #1 Rules and fortify the 3 Planning Pillars (Track 1), while simultaneously keeping your Imagination from getting the best of you and dispelling myths (Track 3).?

In addition to the CheatSheet for Charging Order Oracle, you can get the 8 Companion CheatSheets (for each of the 8 other Courses).? In addition to those 3-Track CheatSheet Trios, I’ll include the Curriculum RoadMap, so you have the entirety of Your 3-Hour “LAW DEGREE” at a glance.? Finally, I’ll include the 9-Course CheckList so you can literally track your progress as you matriculate through the material.?

Get your complimentary copy here:

https://1.generationalwealthbuilder.com/redirect-law-degree-main-optin