what are your thoughts using Anderson advisors?

[Nicholas Woo]

Hello everyone, I was wondering if anyone used Anderson advisors for creating an LLC/S corp? Also is anyone a platinum or titanium member? I'd love to hear your feedback as I'm thinking of using them. Your feedback is greatly appreciated. Thank you!

[Account Closed]

Advise:

Knowledge is your best defence. There are plenty of resources online including anderson youtube channel, few other sources are :

https://wcginc.com/kb/ and https://wcginc.com/fee-structu... -- They have fixed fee structure to compare with anderson advisors without any blatant selling tactics

https://www.kbkg.com/" class="redactor-autoparser-object">https://www.kbkg.com/

https://go.empiretaxusa.com/61...

If you attend any tax-wise or other 3 day events with anderson which costs $197 + travel expenses you will get enough knowledge on how they operate and you should be able to understand what LLC structure is beneficial, also they have a large collection of online videos with plentiful of information on youtube and tax tuesday webinars.

With enough knowledge you can make a educated decision on which approach you take.

My experience:

I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.

Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.

Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com  who is local to you.

A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.

Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.

They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements. They claim only 2-3 percent of the companies are audited so the more clientele they have the percentage of audits will be less even if they make some calculated risks.

Few Deductions they highlight which you can get with proper planning and right CPA.

1) 119A - Revenue stream bifurcation

2) Augusta Loophole 280A - use primary residence for 14 days of business and pay you back without tax implications.

3) Paying your medical and children education fee using c-corp

4) offcourse the famous charitable llc - another program and package.