How To Fund Your LLC THE Easiest WAY

[@ClintCoons]

Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: aba.link/dot

[@VictimizedSenior-x8f]

We would like to learn more about Notary Index Crime Enforcement Regulatory forgery proof legal documents to stop the greedy thieves and trustees who steal our legacies please.

[@AberrantArt]

@ClintCoons thank you very much Clint!

[@lucharward]

Why you put "buy a house" as Nbr 6? it sounds acctully to be the best - will work long term, will never fail, it is not lost money since you have the real estate and you can sell it later or rent it out -

[@johnnysmith4514]

Everytime you get out his videos a lot of benefits. Thank you for sharing your knowledge

[@ClintCoons]

I appreciate that!

[@lawrence7588]

You are truly exceptional, Clint! Thanks for another informative and valuable post!

[@ClintCoons]

glad you enjoyed the video

[@cosolote]

excellent explanation!!!!! very clear, thank you

[@ShayneTaylor-i2l]

My wife and I currently own two rental houses. We are planning on getting a LLC soon. Thanks for the information.

[@jeremiahwilliams2090]

You know planning everything correctly the crazy thing about the strategy that you just shared also demonstrates that it’s an alternative way to set your own interest rates on your money! Meaning maybe the average going rate would be 4-5% for that 720K loan But you want that cash earning 8% interest, so you right the note/loan for the 8% interest rate, then later refinance the loan, the new bank/lender pays you back everything and if you wanted to you could even legitimately find a way to crash the business entity enough to file bankruptcy on the new lender/loan and walk away a serious winner!!😂🤷🏽‍♂️😬🤦‍♀️😉👍

[@johnnyarnez2237]

Thank you for sharing that important information that I am sure will save thousands (if not millions) to several people.

[@rosenuptiale]

Is the Loan company in WY the same as the holding company of the local state LLCs?

[@AberrantArt]

Thank you Clint! Do you have videos on how to CLOSE an LLC? 🤔

[@ClintCoons]

Check out this video kzbin.info/www/bejne/nmTKhpqwo5mCgbcsi=blfNkGLRsj5m4hEO

[@AberrantArt]

@ClintCoons perfect! Exactly what I was looking for.

[@VictimizedSenior-x8f]

@@ClintCoons Do you have one on the NICER Permission Ledger Interdiction Living Trust?

[@Quillmgs14]

Very helpful! Thank you, sir. I plan to unwind past owner contributions over the next year using the owner distribution method. I'll place those distributions in my Wyoming LLC and loan them from this point forward. Sounds like a great technique to reduce exposure. Thanks loads.

[@ClintCoons]

You are welcome.

[@FireyCam]

Since you are doing a loan from WY LLC to another LLC, do you usually include in the terms a %APR interest rate or not?

[@bayrenevilla]

Id say yes, treat it like a loan to anyone else.

[@ClintCoons]

Yes you do.

[@zhangjenny6938]

@@ClintCoonsquestion is when you loan to your own company, your income tax is there any difference? For me I feel just one pocket out to another,

[@ClintCoons]

@@zhangjenny6938 Correct it is a wash

[@HectorYague]

Clint, in the loan scenario, what is the reason of the 10% contribution? Why not make it 100% loan and 0% contribution? Thanks!

[@ClintCoons]

To avoid the risk a creditor argues your LLC was undercapitalized thereby allowing a court to pierce the veil. Great Question!

[@HectorYague]

@@ClintCoons got it. Thank you!

[@dylliedutch]

Is there a certain/minimum amount that prevents a creditor from being able to argue the entity was undercapitalized?

[@proking5044]

Clint thank you for the video I did learn a lot 1 question if I own a property in Texas and I want to protect it and put it in a C crop are an LLC just do it as a contribution should I have that LLC are C corp owned by a Wyoming LLC There is no loan on the property

[@ClintCoons]

typically we would set up a WY LLC that will own a TX LLC. The TX LLCs will be disregarded to the WY LLC that will either be a partnership or disregarded.

[@mikejr1152]

Fire video🔥! Is it safe to do small purchases from one LLC to another LLC using a credit card with a PN properly recorded?

[@ClintCoons]

Yes you can if you document, have good books and track it properly.

[@mikejr1152]

@@ClintCoons thank you kindly!

[@maribelgonzalez4555]

Which state is best to open a LLC as independent insurance agent building up an agency soon ? My home state is FL but I’m licensed in most states.

[@ClintCoons]

Florida because you live there and you will be on payroll requiring you file in the state.

[@LeeG260]

Once again, very good and useful information. Question: Would the WY LLC be a single-member LLC or multi-member, which is preferable for asset protection?

[@ClintCoons]

Either works. The decision comes down to the purpose for the LLC I.e., will it hold real estate LLCs or financial assets.

[@dylliedutch]

What if it’s a holding company that will hold both; real estate LLCs and business/investment LLCs?

[@hybrids0ldier]

great explanation . but does this is mean one would be paying double in taxes from two different LLCs?

[@ClintCoons]

Not at all

[@brandonlesco4821]

How critical is making the UCC1 filing?

[@ClintCoons]

Very if you want to be considered a secured creditor.

[@DmitryDvoretskiy]

Hi! Thanks for your video! I have a question, I formed my new LLC in Wyoming but when I try to open business checking account bank worker told me that if Iam going doing business in Oregon I need to register my LLC as a foreign company in Secretary of State of Oregon. What are the risks for my company? Everyone can see beneficiaries? How I can protect myself? What do you think? Thank you!

[@ClintCoons]

I think your banker is wrong. Did you provide a local OR address to the bank when opening the account?

[@DmitryDvoretskiy]

@@ClintCoons yes, I provide my virtual mailing address in OR

[@ClintCoons]

@@DmitryDvoretskiy The virtual address may be an issue for the bank. Probably need to try a different bank or ask to speak to a business banking specialist.

[@PropertyTotalManagement]

In a lawsuit, do they go against your total contribution up to date, your initial contribution only, or your current basis?

[@ClintCoons]

A charging order will attach to your entire interest and any distributions you take from your LLC will be used to satisfy it.

[@PropertyTotalManagement]

@ClintCoons If I understand you correctly, the charging order can be for up to the current basis. The less contributions and the more distributions, the less they can go after. Is that correct?

[@PropertyTotalManagement]

@@ClintCoons can you please confirm I understand that correctly?

[@seth6856]

How would you structure if you want your business to contribute to a large down payment on the property and your contribute a small portion as an individual ?

[@ClintCoons]

Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/dot

[@JTR-3105]

What about the properties we already purchase in cash and did exactly the way you said: Contributing directly. Can we change that with a new WY LLC?

[@ClintCoons]

Yes.

[@JTR-3105]

Thanks Clint. I will pass this along to my team in Anderson to see what I have to do.

[@AberrantArt]

Clint, I'm closing an LLC and want to transfer the funds (about 30k) to another existing LLC. Would I take it out as a distribution and then put it into the other as a contribution? I don't just wire it from the closing LLC to the other?

[@ClintCoons]

Yes that is correct. Distribution then contribution.

[@All_Amin]

If I make a loan with a 99 year deferment/forbearance period, would that make it easier for a potential creditor to pierce through the corporate shield by saying it’s not a realistic loan

[@danielhurst8863]

Yes, because in that case it would not be an actual loan. If you treat each legal entity as a separate legal entity, you will avoid almost all problems. If Company A would never actually lend money to Company B under those terms, then the courts will likely consider them to be the same entity, if there is a legal issue. If the loan from Company A is a regular business loan and makes financial sense, and Company B that has taken the loan has the capitalization and cash flow to actually repay the loan under the terms, the ownership of the companies doesn't matter. They are separate legal entities engaged in an above board transaction. Here is a quick way to think about it. If you would never take an action between Company A and Company B, unless you owned and controlled both, then you run the risk of piercing that corporate shield.

[@All_Amin]

@@danielhurst8863 thank you for that explanation, now I understand

[@gustavoperezGnuLinux]

I am looking for a new accountant, any suggestions in Indiana?

[@ClintCoons]

We provided services nationwide.

[@stormhawk31]

Can you move an LLC from a different state into Wyoming?

[@ClintCoons]

Yes it is call re-domestication. If you would like a FREE 30-minute consultation, you can request one here - aba.link/clintss or you can send me an email at [e-mail], and I will have someone contact you.

[@HouseOfResolutions]

❤

[@dylliedutch]

Why contribute anything? Why not just make the whole amount a loan?

[@dq7143]

Clint - if you play chess, I want you on my team