Setting up LLC with all protections posible in place
Every once in a while I get this "offer" from Al Aiello to buy into his program that supposedly generates a 121 page LLC articles to include all kinds of contingencies to make sure it is protected on every level possible via the LLC. Now I'm NOT about to buy this over priced software from some internet guru, but it does make a good point. Does any one know of a post or book that covers the same sort of details/ items. Hoping to close on first property this week and while I know lot of folks say I don't have to do this right away I want to get started on it since I'm shooting for 3 - 5 properties this year. I've already shook hands with Murphy and I'm not giving that turkey another shot,. I have way to much riding on this to not get that ball rolling. Yes, I understand there is more to it then just the LLC aspect but I have to start some where and LLC is as good as any place/
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Hi @BA R.
Stay away from guru CDs listen to this podcast 109.
http://www.biggerpockets.com/renewsblog/2015/02/12...
In This Episode They Cover:
Forming an LLC right off the bat
The ins and outs of Insurance vs. Assets
Ten things you need to know to protect your assets
What exactly an Umbrella Policy is and why it might not do what you think it will
Why you shouldn't put all your properties under one name
What you should know about the Delaware Statutory Trust
Scott's advanced strategies for real estate investors
Everything you need to know about LLCs vs. Trust Funds
Who you need as part of your team when investing
And SO much more.