Jun 17, 2024
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🎙️ Episode #348 – "You're creating the LLC to hold the property because if your insurance fails, that is your backstop." Clint Coons explains the benefits of an LLC, when to create it, and why it's safer for you to create 1 LLC per property earlier in your stage.
▶️ Next Episode: How to Prevent 5 Expensive Real Estate Scenarios – Advice from my Attorney:
📄 Show Notes:
https://www.coachcarson.com/llcprotection/
🎬 Timestamps:
0:00 - Why you need an LLC
1:10 - What is an LLC?
10:52 - LLC vs other corporations
15:41 - Tax benefits of LLCs
18:09 - Clint's advice for beginners
23:00 - How self-management creates liability
26:27 - Insurance and LLCs
30:36 - General principles for LLCs
35:57 - Be cautious when getting an LLC
37:54 - How to connect with Clint
39:48 - How to Prevent 5 Expensive Real Estate Scenarios
🔗 Connect with Clint:
• YouTube: https://www.youtube.com/@ClintCoons
• Instagram: https://www.instagram.com/clint.coons/
• Clint's Book: https://clintcoons.com/book/
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