REI Business Foundation Seminars
Do It Yourself LLC Formation – 1-day workshop
2 DVDs – 6 hours. Intermediate-to-Advanced level
by real estate attorney Steven Newsom
with a bonus session by accountant Michael Plaks
Are your assets fully protected from liabilities?
Owning anything is risky. That’s why we carry insurance for our cars, our homes, and our businesses. But did you know that everything you own is at risk if someone brings a lawsuit against you because of your real estate – even if you are carrying the right insurance?
All it takes is one claim of environmental contamination, slip and fall, or fire-related mishap on one of your rentals – and all of the sudden, you are not only defending your property, but every single asset to your name. That is unless your real estate is held in an Limited Liability Corporation (LLC).
By using LLCs to hold your real estate, you drastically reduce the the risk of being named as a defendant and thus your personal assets, such as your vehicles, stock, other businesses, and more are not at risk should an incident occur. That’s why LLC’s are the key to your asset protection!
In addition to asset protection, LLCs allow for flexible profit distribution among their members and provide privacy to each member as well. An LLC can also carry tax benefits depending on how it is set up. But setting up an LLC is complicated, and you need to know what you’re doing.
Topics of the seminar:
- What LLCs are and how you can use them
- What state to file in
- What documents you must have
- Most of the forms and their many clauses
- How to search name availability
- How to file
- How to operate the LLC
- How to transfer assets into your LLC
- How to properly maintain your LLC
If you have any aspiration to own even one rental property, learning how to set up and manage an LLC will absolutely pay off in the long run!
Steven Newsom has been practicing law and assisting real estate investors with their legal issues in Houston since 1997. He has a B.S. degree in engineering from Texas A&M University, an MBA from the University of Houston at Clear Lake and he received his law degree from the University of Houston. He teaches contract law and other legal topics for the paralegal certification program at Rice University. In addition, he has also been an active real estate investor which allows him to bring a practical perspective to his courses.
Also included on this 2-DVD set: 30-min bonus presentation by Michael Plaks:
Tax consequences of LLCs
- 3 reasons RE investors create an LLC
- LLCs for landlords (buy & hold)
- LLCs for rehabbers & flippers (buy, fix & sell)
- tax complications of multi-member LLCs
Your $297 investment will give you an understanding of LLC formation process and fundamental asset protection concepts.
BETTER VALUE: All 4 “REI Foundation” seminars for the price of three: $1,097 – one seminar FREE!
BEST VALUE: Entire library – all 11 seminars for the price of seven: $2,497 – FOUR seminars FREE!