I would inject that since the target audience is “beginning investors” that it would be hard for seasoned pro’s to give a true assessment, unless the ones that have are actually beginners? ;)
I have a day job and have been on BP a short while and am a true beginner. Since I have been on the site I conducted heavy research and participated on the subject of asset protection. Unlike some, I considered my current job an asset and it’s future against judgements, so it is important for me to get this right from the get go especially in the sue happy society we live in. After reading a lot of post on the subject of LLC’s, family trust, learning of land trust from someone at work, I still don’t have the answer and see others confussed. I’m also not one to dive right in, gain more assets then figure it out like some recommend.
I read too many horror stories, and as a matter of fact right before this release read and posted on Marty Boardman’s thread, “Never offer a distressed seller this” legal disaster!…On that thread others that had been involved in frivolous law suits only to have to dish out a lot of cash to either protect themselves personally or their company.
I have only read the table contents thus far, and most of chapter one. I am reading all the links and interesting so far. I looked for a legal section in the table of contents, maybe there will be more later. But imho that is base #1 and everything falls into place from there.
I know there are a lot of variables from state-to-state, but LLC’s, trust, etc have been discussed at length on this site and will continue to be. There are some similarities, state websites, public free legal advice, I have found on the site and posted to such. Might be a good topic should there be a follow on release.
When I first started I really struggled with acronyms people were posting so I started a list some of which I had to goggle to get the most out of reading the site…some I am still trying to figure out. I’d suggest to the pros to spell it out better for the beginners or if you use one define it once in a while.
I’ll let you know more as I find the time to read through this more….thanks for it I am sure I will learn more….your right such high volume of info out here makes it hard to put it into perspective.