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Creating an LLC: Why You Need an Operating Agreement

  Рет қаралды 15,337

Clint Coons Esq. | Real Estate Asset Protection

Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

Пікірлер: 44
@DTSupstateNY
@DTSupstateNY 9 ай бұрын
This guy is the real deal, straight gold every video, the number 1 mistake anyone has ever made.. not finding this man first before doing ANYTHING else
@michaelbrown5601
@michaelbrown5601 Жыл бұрын
Excellent advice! I’ve got a land trust atty who also writes holding company LLC operating agreements on speed dial. Expensive but worth it.
@richruelas
@richruelas Ай бұрын
Excellent advice! Thanks I won’t use do it yourself. You laid out great reasons why to have a good OA
@ClintCoons
@ClintCoons Ай бұрын
Glad it was helpful!
@skiz007
@skiz007 Жыл бұрын
I've been so engrossed in your teachings over the past few weeks that I feel I should earn a diploma. My partner and I both believe that your guidance, specifically yours, is all we require to establish our real estate company. Although I wasn't pleased with the initial response from your office, I'm determined and won't give up. Speaking with you, Sir is my utmost desire. I will be waiting for your response.
@ClintCoons
@ClintCoons Жыл бұрын
@skiz007 Thanks for watching. Have you attended my 1-day tax and asset protection live stream? I am teaching one this Saturday.
@skiz007
@skiz007 Жыл бұрын
@@ClintCoons I know. I watched it. What I was saying is that I want to hire you for my business formation .
@ClintCoons
@ClintCoons Жыл бұрын
@@skiz007 🤣My misunderstanding. If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@skiz007
@skiz007 10 ай бұрын
@@ClintCoons Hi, I sure did but I need one-on-one contact. I've reached out to your team but seem to make any headway.
@ClintCoons
@ClintCoons 10 ай бұрын
@@skiz007 Did you schedule a strategy session? aba.link/clintss
@zarni000
@zarni000 4 ай бұрын
"LegalDoom...excuse me Zoom" HAHAHA
@movingforwardfco1587
@movingforwardfco1587 6 ай бұрын
Thanks so much. Great information.
@ClintCoons
@ClintCoons 6 ай бұрын
Glad it was helpful!
@Hans_Magnusson
@Hans_Magnusson Жыл бұрын
Seems like a good idea! Just because there are legislation with default provisions isn’t a good reason for you to lean back. The way I understand it, it was put in there to have some minimum to fall back on should you not have an agreement in place. So you always want to draft that agreement in order to be in control. Consult your specialist before, or someone else’s specialist will come after you
@vvysoc
@vvysoc Жыл бұрын
Thanks for clear and accurate information 👊
@ClintCoons
@ClintCoons Жыл бұрын
@vvysoc Thanks for watching.
@one900hustler
@one900hustler Жыл бұрын
You are the man
@hezekiahbergeron3351
@hezekiahbergeron3351 11 ай бұрын
Thank you for sharing Clint
@ClintCoons
@ClintCoons 10 ай бұрын
You bet
@Daretobepresent
@Daretobepresent 5 ай бұрын
"legal doom" 😆
@tarunwalia2620
@tarunwalia2620 7 ай бұрын
Good explanation on LLC but need to clarify that (1) How can i apply ? and (2) Assist of a company can apply
@ClintCoons
@ClintCoons 7 ай бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@FireyCam
@FireyCam Жыл бұрын
Would an operating agreement have to be adjusted if you foreign file your business in another state? Say the formal is WY and the foreign be MI
@ClintCoons
@ClintCoons Жыл бұрын
No it does not.
@headlibrarian1996
@headlibrarian1996 Жыл бұрын
I understand a title or escrow company wanting to know if the signing officer has authority to sell the LLC's property, but why do they care who the member(s) are? Why assign membership in the operating LLC to the holding LLC rather than make the holding LLC the initial member of the operating LLC? Also, a grantor trust would seem to work as well in many cases as a holding LLC. The trust, after all, doesn't have to have your name in its title and they don't have annual fees or reports.
@ClintCoons
@ClintCoons Жыл бұрын
Title wants to verify that who the ultimate owners are because nothing is listed in the public record so they are doing their DD. You assign ownership to make it easier to open accounts or deal with title if a 3rd party asks to see a copy of your LLC operating agreement.
@thabisomaifadi5575
@thabisomaifadi5575 Жыл бұрын
Clint is God send, I am in a good space because I will be starting everything new and clean , but I am in South Africa ,not sure how I will get the Wyoming access or how will everything taught work for me in SA😊
@ClintCoons
@ClintCoons Жыл бұрын
It will work the same for you as it does anyone who invests into the states. Best to check on how the income will be taxed to you.
@thabisomaifadi5575
@thabisomaifadi5575 Жыл бұрын
@@ClintCoons thank you, as always, Know that you are shaping the world and for that you will be blessed!✌🙏
@zehuazhou3390
@zehuazhou3390 Ай бұрын
Are all these items valid in all states? If I add a "charging order provision" in my WA LLC OA, and if WA law does not allow it, then will my OA become invalid?
@ClintCoons
@ClintCoons Ай бұрын
No it just wont have the same effect as it would if the LLC was a WY LLC.
@blezz3d
@blezz3d 11 ай бұрын
what if I have already have registered with the Florida state secretary and business tax registration as a SOLE MEMBER / AMBR? How do i protect myself through my operating agreement on a single member LLC in the state of Florida?
@ClintCoons
@ClintCoons 10 ай бұрын
You need to add another member - possibly a family member or move your ownership to a WY LLC.
@Mis-AdventureCH
@Mis-AdventureCH Жыл бұрын
Bang'n jacket.
@theguy2605
@theguy2605 6 ай бұрын
Hey im in illinois i need an operating agreement can we set up a consultation
@ClintCoons
@ClintCoons 5 ай бұрын
If you would like a FREE 30-minute consultation, you can request one here - aba.link/30minSession
@deniserinehamer7874
@deniserinehamer7874 11 ай бұрын
FREE STRATEGY SESSION ITS NOT TRUE.
@melhoresprodutos8899
@melhoresprodutos8899 11 ай бұрын
Hello CLINT, I think here if a person does not have an LLC or perhaps has an LLC, if a good alternative to avoid probate and have few costs can be put the Form "Transfer by Deed of Death" in Wyoming or other 29 States that Do we accept this type of procedure?
@ClintCoons
@ClintCoons 11 ай бұрын
What you refer to as a ladybird deed and it would not apply to an LLC owned property because the LLC does not die.
@melhoresprodutos8899
@melhoresprodutos8899 11 ай бұрын
@@ClintCoons Thanks
@headlibrarian1996
@headlibrarian1996 8 ай бұрын
@@ClintCoons Florida allows Pay On Death/Transfer On Death for stock and LLC interests. Add an appropriate clause to your operating agreement or corporate bylaws and bypass probate (and it will override your living trust, if you have one).
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