BEWARE: The Major Changes In 2023 Affecting Real Estate Asset Protection With Clint Coons

In this episode, Toby Mathis and Clint Coons of Anderson Business Advisors discuss the new Corporate Transparency Act, and what it means for investors. The CTA is meant to prevent fraud within business entities by requiring everyone involved to report all their personal information, but Clint and Toby agree it’s mainly another way for the government to try to grab a few more dollars.

The guys then go on to a discussion about separating, isolating, and hiding assets within different kinds of legal trusts to prevent losing everything in the case of a lawsuit.  All of this extremely valuable information is also available for FREE at the monthly asset protection events. See the link in the resources section below.

Highlights/Topics:

• With the Corporate Transparency Act, all LLC’s will require reporting your personal information to the government
• No matter when you set up your entity, you will have to report
• Fraud will continue to happen, regardless of the laws
• Trusts often are not subject to taxes at the state level- and can provide anonymity
• Franchise fees - there are legal ways to avoid it with trusts
• Land trusts
• Asset protection from lawsuits - separate, isolate, and hide your assets to limit losses
• Entities - a better protection than insurance
• Unfortunate stories of unprotected asset losses
• Come to one of our free asset protection events!

Resources:

Free Asset Protection Workshops

https://andersonadvisors.com/real-estate-asset-protection-workshop-training/

Anderson Advisors

https://andersonadvisors.com/

Toby Mathis YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Clint Coons YouTube

https://www.youtube.com/channel/UC5GX-U6VbvMkhSM1ONBiW8w