Corporate Formalities - Making Sure Your Asset Protection Strategy Really Works

Published: Sept. 17, 2012, 1 a.m.

b"Most savvy real estate investors know it\\u2019s a good idea to put each property in a limited liability company. \\xa0More complex strategies include setting up management companies, holding companies and can even include an offshore component.\\nThe basic idea is to create a legal entity (corporation, LLC, etc.) or network of entities through which various aspects of your business activities are conducted. And to NEVER do business as a natural person in your own name. \\xa0\\nOnce you get your mind around it, it\\u2019s ALMOST fun putting it all together. \\xa0Unfortunately, that\\u2019s where it ends for too many investors. \\xa0And as you might guess...the devil's in the details.\\nAttorney Garrett Sutton tells us it's important to not only set up a solid structure, but to maintain it properly. \\xa0How? \\xa0By being careful to observe \\u201ccorporate formalities\\u201d. \\xa0\\nTo find out what those are and why they're important, listen in as we talk with Robert Kiyosaki's Rich Dad Advisor for Asset Protection, Garrett Sutton. \\xa0Discover how to run your own corporation and better protect your real estate empire!\\nThe Real Estate Guys\\u2122 radio show provides real estate investing news, education, training and resources to help real estate investors succeed. \\xa0Learn more and subscribe to the free newsletter at www.realestateguysradio.com"