Podcast appearances and mentions of sutton law center

Garrett Sutton is a corporate attorney, asset protection expert and best selling author who has sold more than a million books to guide entrepreneurs and investors. For more than 30 years, Garrett Sutton has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 13,000 clients protect their assets and incorporate their businesses. Garrett also serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the bestselling Rich Dad, Poor Dad wealth-building book series. Garrett attended Colorado College and the University of California, Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings College of Law, the University of California's law school in San Francisco. Garrett is licensed in Nevada and California. Garrett is a member of the State Bar of Nevada, the State Bar of California, and the American Bar Association. Garrett lives in Reno, Nevada has been recognized as a Lifetime Achievement Member by America's Top 100 Attorneys. Ted Sutton is a licensed attorney who is the son of Garrett Sutton. Ted was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones. After graduating in 2018, he took a leap of faith and decided to attend law school the following year. Ted attended the University of Wyoming College of Law in the fall of 2019. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada. What You Will Learn: Who is Ted and Garrett Sutton? What is the Corporate Transparency Act? How does the CTA affect anonymity previously enjoyed by business owners using registered agents and LLCs? What is the importance of structuring business and real estate ownership to protect personal assets, especially in the context of lawsuits? How does Corporate Direct assist clients in structuring their entities for asset protection and compliance with the CTA? What is the Wyoming LLC? The significance of having an LLC as a first line of defense against legal claims, alongside good property management and insurance. How can trusts work in conjunction with LLCs to facilitate smooth transitions of property ownership to heirs without probate complications? The importance of patience in the investment journey and the value of having mentors to guide you. Ted and Garrett Sutton share how everyone can contact him. Additional Resources from Ted and Garrett Sutton: Website: https://corporatedirect.com/ Email: tedsutton@sutlaw.com Phone: +1 (775) 824-0300 LinkedIn: https://www.linkedin.com/company/corporate-direct-inc-/ Facebook: https://www.facebook.com/corporatedirectnv/ YouTube: https://www.youtube.com/channel/UCT-pLv4_qmcTH-Xnu_uEyNQ Attention Investors and Agents Are you looking to grow your business? Need to connect with aggressive like-minded people like yourself? We have all the right tools, knowledge, and coaching to positively effect your bottom line. Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation! Our NEW book is out...order yours NOW!   Global Investor Agent: How Do You Thrive Not Just Survive in a Market Shift? Get your copy here: https://amzn.to/3SV0khX HEY! You should be in class this coming Monday (MNL). It's Free and packed with actions you should take now! Here's the link to register: https://us02web.zoom.us/webinar/register/WN_sNMjT-5DTIakCFO2ronDCg

In this episode of Finding Financial Freedom, Dr. Disha Spath welcomes Ted Sutton, a licensed attorney with Corporate Direct, and Garrett Sutton, founder of Corporate Direct and the Sutton Law Center, to discuss how physicians and professionals can take control of their financial futures. From forming LLCs to avoiding tax pitfalls, Ted and Garrett break down the essentials of asset protection and business entity management in an engaging and practical conversation. With over 14,000 clients served and multiple bestselling books, Garrett Sutton brings decades of experience to help doctors secure their personal and professional assets. So if you're thinking about starting a private practice or just looking to safeguard your wealth, this episode is the guide that will help you. Key Topics Covered: 1. Why Physicians Need Asset Protection Learn why it's crucial to protect not just your practice but your personal assets, and how business entities can shield your wealth. 2. The Essentials of Setting Up an LLC Step-by-step guidance on forming an LLC, understanding the “continuity of obligation,” and ensuring it's done right from the start. 3. Maintaining Compliance with the Corporate Transparency Act How this new law affects business owners and what you need to do to stay compliant. 4. Avoiding Common LLC Pitfalls From neglected paperwork to improper renewals, discover the most common mistakes that can jeopardize your LLC—and how to avoid them. 5. Garrett Sutton's Expertise in Asset Protection Insights from Garrett's bestselling books (Start Your Own Corporation, Loopholes of Real Estate) and decades of experience helping professionals secure their financial futures. Resources Mentioned: PearsonRavitz Rich Dad Poor Dad by Robert Kiyosaki Veil not Fail by Garrett  Sutton Start Your Own Corporation, Loopholes of Real Estate by Garett Sutton Corporate Direct Website Sutton Law Center Listener Takeaways: Understand why forming an LLC is essential for protecting both your medical practice and personal assets.   Learn the critical steps to setting up and maintaining a compliant business entity under the Corporate Transparency Act.   Avoid common mistakes in LLC management and ensure your financial and legal safeguards are rock solid. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests:  Garett Sutton, founder of Corporate Direct Atty. Ted Sutton of Corporate Direct Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets.  This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

Garrett Sutton is a corporate attorney and asset protection expert who has sold over a million books guiding entrepreneurs and investors. Some of his best-selling books include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For over 30 years, he has run a practice assisting clients in protecting their assets through his companies Corporate Direct and Sutton Law Center, which currently help over 14,000 clients maintain their entities. Garrett is also a Rich Dad Advisor for Robert Kiyosaki and is the President of Sunn Stream, a streaming platform focused on kids' financial education. Ted Sutton is Garrett's son and a licensed attorney. He has a B.S. in Mining Engineering from the University of Utah but decided to attend law school after realizing he was more interested in legal matters. Ted graduated from the University of Wyoming College of Law in 2022 and is licensed in Wyoming and Nevada. At law school, he served as the Student Director of the Business Entrepreneurship Practicum where he helped clients form and maintain LLCs. Ted now works at Corporate Direct focused on ensuring clients comply with the new Corporate Transparency Act. In addition to his legal work, Ted is also involved in financial education for kids. He is the author of the free ebook "Five Tricks To Teach Your Kids About Money'' available on the Sunn Stream website, the streaming platform his father founded focused on kids' financial literacy and professional development.   During the show we discuss: What Asset Protection is and Why It is Important How Asset Protection Differs from Wealth Management The Common Strategies Individuals Can Use to Protect Their Assets How Trusts Work in Asset Protection, and the Most Effective Types of Trusts What Role Insurance Plays in Asset Protection, and the Types of Insurance That Are Essential for a Comprehensive Asset Protection Plan How Business Owners Can Protect Their Personal Assets from Business Liabilities How You Can Protect Assets Intended to be Passed on to Heirs, and The Risks of Not Having a Solid Estate Plan in Place How You Can Prepare Your Asset Protection Plan for Unexpected Events like Natural Disasters, Medical Expenses, or Sudden Economic Downturns The Unique Challenges of Digital Asset Protection, and How Can Individuals Protect Their Digital Assets How You Can Protect Your Assets from Potential Lawsuits The Common Misconceptions About Asset Protection How Financial Advisors and Estate Planners Can Assist in Asset Protection, What to Look for When Hiring an Asset Protection Attorney How Often Should You Review and Update Your Asset Protection Plan,  The Triggers That Should Prompt a Re-evaluation of an Asset Protection Strategy What the Corporate Transparency Act is and What You Must Know   Show Resource/s: https://corporatedirect.com/ https://www.sunnstream.com/fivetricks

Learn more about the Small Business Corporate Transparency Act, where we reveal important truths about this legislation. Stay informed and understand the impact of this act on small businesses.GARRETT SUTTON has sold over a million books to guide entrepreneurs and investors. His best sellers include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For more than 30 years, he has run his practice assisting entrepreneurs and real estate investors in protecting their assets. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 14,000 clients protect their assets and maintain their entities, especially under the new Corporate Transparency Act.Garrett also serves as a member of the elite group of “Rich Dad Advisors,” for best-selling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the best-selling Rich Dad, Poor Dad wealth-building book series. Garrett is also the President of Sunn Stream, a new streaming platform focusing on kid's financial education and adult professional development. Garrett lives in Reno, Nevada has been recognized as a Lifetime Achievement Member by America's Top 100 Attorneys.TED SUTTON is a licensed attorney who is the son of Garrett Sutton. Ted was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones.After graduating in 2018, he decided to attend law school the following year. Ted attended the University of Wyoming College of Law. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada. Ted has been focused on making sure Corporate Direct's clients properly file under the Corporate Transparency Act.Ted is also the author of “Five Tricks To Teach Your Kids About Money” which you can download for free at www.sunnstream.com/fivetricks. Learn more at: Sunn Stream Productions, Inc. & Corporate Direct, Inc.Website: https://corporatedirect.com/contact/ Contact Email: tedsutton@sutlaw.comLinkedIN: https://www.linkedin.com/company/corporate-direct-inc-/ Facebook: https://www.facebook.com/corporatedirectnv/ YouTube: https://www.youtube.com/@CorporateDirectInc "I recently ran across an article about the Corporate Transparency Act and was wondering what it actually meant. I noticed there wasn't a lot of buzz online about this. This interview with Garrett and Ted Sutton answered all of my questions. Thank you for shedding light on this important Act that effects all small businesses." IdaRemember to SUBSCRIBE so you don't miss "Information That You Can Use." Share Just Minding My Business with your family, friends, and colleagues. Engage with us by leaving a review or comment. https://g.page/r/CVKSq-IsFaY9EBM/review Your support keeps this podcast going and growing.Visit Just Minding My Business Media™ LLC at https://jmmbmediallc.com/ to learn how we can support you in getting more visibility on your products and services.

Be ready to learn how to protect your assets and wealth as we're joined by a father and son duo today, Ted and Garrett Sutton.Ted and Garrett discuss asset protection, setting up LLCs, its ideal structure for investors, and the rules everyone should follow under the Corporate Transparency Act. Listen ‘till the end of our conversation to know how to protect your investments for the long term!Key Points & Relevant TopicsWhat is asset protection and how it worksWhy Wyoming is considered a great place for asset protection and holding LLC How it works when someone has an LLC from a different stateThe Wyoming LLC privacy and anonymityThe ideal LLC structure for investors with multiple propertiesWhat is the Corporate Transparency Act and the purpose of this Federal lawReporting of information for an LLC with multiple investorsWhy understanding the rules under the Corporate Transparency Act is crucial for investorsResources & LinksGarrett Sutton's BooksDownload Ted's e-book “Five Tricks To Teach Your Kids About Money by visiting https://www.sunnstream.com/five-tricks. Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Ted and Garrett SuttonGARRETT SUTTON has sold more than a million books to guide entrepreneurs and investors. His best sellers include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For more than 30 years, he has run his practice assisting entrepreneurs and real estate investors in protecting their assets. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 14,000 clients protect their assets and maintain their entities, especially under the new Corporate Transparency Act.  Garrett also serves as a member of the elite group of “Rich Dad Advisors” for best-selling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the best-selling Rich Dad, Poor Dad wealth-building book series.  TED SUTTON is a licensed attorney who is the son of Garrett Sutton. Ted was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones. After graduating in 2018, he decided to attend law school the following year.  Ted attended the University of Wyoming College of Law. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada. Ted has been focused on making sure Corporate Direct's clients properly file under the Corporate Transparency Act. Get in Touch with Ted and Garrett Website: https://corporatedirect.com/ / https://sutlaw.com/ YouTube: Corporate DirectTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

GARRETT SUTTON has sold more than a million books to guide entrepreneurs and investors. His best sellers include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For more than 30 years, he has run his practice assisting entrepreneurs and real estate investors in protecting their assets. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 14,000 clients protect their assets and maintain their entities, especially under the new Corporate Transparency Act. Garrett also serves as a member of the elite group of “Rich Dad Advisors” for best selling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the best selling Rich Dad, Poor Dad wealth-building book series. Garrett is also the President of Sunn Stream, a new streaming platform focusing on kid's financial education and adult professional development. TED SUTTON is a licensed attorney who is the son of Garrett Sutton. Ted was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones. After graduating in 2018, he decided to attend law school the following year. Ted attended the University of Wyoming College of Law. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada. Ted has been focused on making sure Corporate Direct's clients properly file under the Corporate Transparency Act. Ted is also the author of “Five Tricks To Teach Your Kids About Money” which you can download for free at www.sunnstream.com/fivetricks.

The Corporate Transparency Act (CTA) is a law in the business world that has grabbed people's attention. If you're curious about this act, this episode is for you! Join JD and Melissa as they speak with Garrett and Ted Sutton about the details of the CTA. Garrett and Ted Sutton, a father-and-son team, will give you the information you need to make smart choices for your business now and in the future! Stay tuned!   Here's what to expect on the podcast: What does The Corporate Transparency Act entail? The reasons behind the opposition of some business owners to The Corporate Transparency Act. How does this law impact businesses? Penalties for businesses that fail to adhere to the CTA and how to avoid them. And much more! About Garrett: Garrett Sutton has sold more than a million books to guide entrepreneurs and investors. His best sellers include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For more than 30 years, he has run his practice assisting entrepreneurs and real estate investors in protecting their assets. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 14,000 clients protect their assets and maintain their entities, especially under the new Corporate Transparency Act.   Garrett also serves as a member of the elite group of “Rich Dad Advisors” for best-selling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the best-selling Rich Dad, Poor Dad wealth-building book series.   Garrett is also the President of Sunn Stream, a new streaming platform focusing on kids' financial education and adult professional development.   Garrett lives in Reno, Nevada, and has been recognized as a Lifetime Achievement Member by America's Top 100 Attorneys.   About Ted: Ted Sutton is a licensed attorney and the son of Garrett Sutton. He was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones. After graduating in 2018, he decided to attend law school the following year.   Ted attended the University of Wyoming College of Law. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada.   Ted has been focused on making sure Corporate Direct's clients properly file under the Corporate Transparency Act. Ted is also the author of “Five Tricks To Teach Your Kids About Money,” which you can download for free at www.sunnstream.com/fivetricks.   Connect with Garrett & Ted Sutton! Website: https://corporatedirect.com/ LinkedIn: https://www.linkedin.com/company/corporate-direct-inc-/about/ Facebook: https://www.facebook.com/corporatedirectnv/ YouTube: https://www.youtube.com/channel/UCT-pLv4_qmcTH-Xnu_uEyNQ   Connect with JD and Melissa! Website: https://therealestatejam.com/  Facebook: https://www.facebook.com/therealestatejam/  Instagram: https://www.instagram.com/therealestatejam/  YouTube: https://www.youtube.com/channel/UCa_CWAV1OvH81yp6fITB4lg Shorefront Investments: https://shorefront-investments.com/  Email: therealestatejam@gmail.com Are you interested in Coaching? Set up a Call with JD: https://mailchi.mp/458f1b418e9e/invest-with-jd.  

Want to protect your assets?In this episode of The Business Ownership Podcast I interviewed two guests. Garrett & Ted Sutton.Garrett Sutton has sold more than a million books to guide entrepreneurs and investors. His best sellers include Start Your Own Corporation, Loopholes of Real Estate, and Veil Not Fail. For more than 30 years, he has run his practice assisting entrepreneurs and real estate investors in protecting their assets. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 14,000 clients protect their assets and maintain their entities, especially under the new Corporate Transparency Act. Garrett also serves as a member of the elite group of “Rich Dad Advisors” for best selling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the best selling Rich Dad, Poor Dad wealth-building book series. Garrett is also the President of Sunn Stream, a new streaming platform focusing on kid's financial education and adult professional development. Garrett lives in Reno, Nevada has been recognized as a Lifetime Achievement Member by America's Top 100 Attorneys. Ted Sutton is a licensed attorney who is the son of Garrett Sutton. Ted was born and raised in Reno, NV. He graduated from the University of Utah with a B.S. in Mining Engineering. During one of his summers, he spent three months working at a mine in Chile. This experience made him realize that legal matters interested him more than engineering ones. After graduating in 2018, he decided to attend law school the following year. Ted attended the University of Wyoming College of Law. In his third year, he served as the Student Director of the Business Entrepreneurship Practicum, where he helped clients form and maintain LLCs. He graduated in May 2022. Ted is now licensed to practice law in Wyoming and Nevada. Ted has been focused on making sure Corporate Direct's clients properly file under the Corporate Transparency Act. Ted is also the author of “Five Tricks To Teach Your Kids About Money” .Learn how to protect your business and assets. Check this out!Show Links:Garrett Sutton LinkedIn: https://www.linkedin.com/in/garrettsutton/Free Book Five Tricks To Teach Your Kids About Money: https://www.sunnstream.com/fivetricksContact Corporate Direct: https://corporatedirect.com/contact/Corporate Direct YouTube Channel: https://www.youtube.com/@CorporateDirectIncBook a call with Michelle: https://www.AwarenessStrategies.com/m30Join our Facebook group for business owners to get help or help other business owners! The Business Ownership Group - Secrets to Scaling: https://www.facebook.com/groups/businessownershipsecretstoscalingLooking to scale your business? Get free gifts here to help you on your way: https://www.awarenessstrategies.com/Digital Adoption Roadmap: https://www.awarenessstrategies.com/digital-adoption-roadmap/

Garett Sutton is an attorney, best-selling author, and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years of experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner. Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler.   Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct “the premiere source for asset protection strategies.” Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California's law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series.   In this episode, Garrett Sutton discusses state filing fees and how they can protect your business from lawsuits. He recommends being realistic about the need for a meeting and having an attorney review your business to make sure you're following all the rules set forth by your state. He discusses the importance of having separate LLCs for business purposes, as well as other important rules to follow when setting up an LLC. He encourages listeners to reach out to him for help with asset protection, as his services are much more affordable than most. To learn more about Garrett, listeners can visit his website at Belrose Storage Group!   [00:01 - 05:33] Opening Segment Garrett discusses his new book, “Veil Not Fail” To maintain asset protection, real estate investors must annually file fees with their state, have a meeting, and follow other rules set by the state   [05:34 - 16:38] Protect Your Assets With An LLC You need to have a separate bank account for your LLC or corporation You can't run an LLC or Corporation through your personal account You must have a registered agent to accept service of process or a notice of a lawsuit The need to have a separate tax return for each entity you own A management company can be used to pay for health insurance premiums or to protect the corporation from lawsuits The many types of LLCs that can be used for asset protection It is easy to switch registered agents, and having multiple registered agents can be annoying   [16:39 - 21:18] Closing Segment Garrett encourages listeners to book a 15-minute call with him to discuss asset protection options   Garrett shares where you can get in contact with him (links below)     Quote/s: “You want the world to know that they're doing business with a corporation or an LLC on your checks, on your contracts, and on your business cards.” – Garrett Sutton   You can connect with Garrett through his:  Website: Corporate Direct Facebook: Corporate Direct Twitter: Garrett Sutton LinkedIn: Garrett Sutton YouTube: Garrett Sutton   WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email at sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Meet Garrett Sutton, a Rich Dad Advisor, corporate attorney, asset protection expert and best selling-author with 900,000+ books sold. With his insights and experiences, I know Garrett would have a lot to offer to the listeners of your podcast. Garrett has over 35 years of experience working with entrepreneurs and investors. As the founder of both Corporate Direct and Sutton Law Center, Garrett enjoys helping entrepreneurs and real estate investors understand the advantages of forming business entities and how to protect their assets while maximizing their financial goals. Additionally, he enjoys his role as a frequent lecturer for small business groups as well as the Rich Dad Advisors series.Connect w/ Garrett:Email: hanna@podcastingyou.comWebsite: https://corporatedirect.comInstagram: @corporatedirectFacebook: https://www.facebook.com/corporatedirectnvTwitter: @GarrettSuttonLinkedin: https://www.linkedin.com/in/garrettsutton/Rich State of Mind Links:Website: www.richstateofmind.comJoin our email list to know our services and our prize giveaways:  https://sendfox.com/richstateofmind1Youtube: https://www.youtube.com/channel/Instagram : @richstateofmindpage and @rich_invests_Podcast links: https://linktr.ee/anthanerichiePlease like and subscribe to our channel.See our cool wealth building and real estate T-shirt designs in the links below :Rich State of Mind Store : https://bit.ly/RichStateSupport the show

Meet Garrett Sutton, a Rich Dad Advisor, corporate attorney, asset protection expert and best selling-author with 900,000+ books sold. With his insights and experiences, I know Garrett would have a lot to offer to the listeners of your podcast. Garrett has over 35 years of experience working with entrepreneurs and investors. As the founder of both Corporate Direct and Sutton Law Center, Garrett enjoys helping entrepreneurs and real estate investors understand the advantages of forming business entities and how to protect their assets while maximizing their financial goals. Additionally, he enjoys his role as a frequent lecturer for small business groups as well as the Rich Dad Advisors series.Connect w/ Garrett:Email: hanna@podcastingyou.comWebsite: https://corporatedirect.comInstagram: @corporatedirectFacebook: https://www.facebook.com/corporatedirectnvTwitter: @GarrettSuttonLinkedin: https://www.linkedin.com/in/garrettsutton/Rich State of Mind Links:Website: www.richstateofmind.comJoin our email list to know our services and our prize giveaways:  https://sendfox.com/richstateofmind1Youtube: https://www.youtube.com/channel/Instagram : @richstateofmindpage and @rich_invests_Podcast links: https://linktr.ee/anthanerichiePlease like and subscribe to our channel.See our cool wealth building and real estate T-shirt designs in the links below :Rich State of Mind Store : https://bit.ly/RichStateSupport the show

Join Mike Cavaggioni with Garrett Sutton on the 135th episode of the Average Joe Finances Podcast. Garrett shares his experience in assisting individuals and businesses limit their liability, protect their assets, implement advantageous corporate structures, and advance their financial goals.In this episode, you'll learn:Why a real estate investor should get an LLC to protect their assetsMistakes people make when opening up an LLCWhy it's important to “have a meeting with yourself” as a Single Member LLCThe big changes right now in real estateAnd so much more!About Garett:Garrett Sutton is an attorney, best-selling author and one of Robert Kiyosaki's Rich Dad Advisors. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner. Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct “the premiere source for asset protection strategies.”Find Garrett Sutton on:Website: https://corporatedirect.comFacebook: https://www.facebook.com/corporatedirectnvInstagram: https://www.instagram.com/corporatedirect/Twitter: https://twitter.com/GarrettSuttonLinkedIn: https://www.linkedin.com/in/garrettsutton/Youtube: https://www.youtube.com/channel/UCT-pLv4_qmcTH-Xnu_uEyNQ Average Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksTools and resources I use: www.averagejoefinances.com/resourcesCRM Tool: www.averagejoefinances.com/crmPay Off Your Mortgage in 5-7 Years:www.theshredmethod.com/averagejoefinancesFind a REALTOR® in any state: www.averagejoefinances.com/realtorMake Real Estate Investing Easier with DealMachine: www.averagejoefinances.com/dealmachinePodcast Hosting: www.averagejoefinances.com/buzzsproutPodcast Editing Services: www.editpods.com*DISCLAIMER* https://averagejoefinances.com/disclaimerSee our full episode transcripts here: https://www.averagejoefinancespod.com/episodes--------------Tropical Sensation by Mike Leite soundcloud.com/mikeleite Creative Commons - Attribution 3.0 Unported - CC BY 3.0 Free Download/Stream: https://bit.ly/-tropical-sensationSupport the show

Garrett Sutton is a corporate attorney, asset protection expert and best selling author who has sold more than a million books to guide entrepreneurs and investors. For more than 30 years, Garrett Sutton has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 13,000 clients protect their assets and incorporate their businesses. Garrett also serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the bestselling Rich Dad, Poor Dad wealth-building book series. There are three types of entities most commonly used to own real estate: Limited Liability Company, S Corporation and Limited Partnership. Tune in for todays episode where Garrett provides a quick summary of the best entities for real estate investment. Episode Link: https://corporatedirect.com/contact/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Garrett Sutton, who is an attorney, investor and author with over 1 million copies of his book sold and today Garrett is gonna be talking to us about all the different entity structures we should be aware of as real estate investors, as well as wherever we might want to think about forming those entities because it plays a big role. So let's get into it.   Garrett, thank you so much for joining me on the show today. I really appreciate you taking the time.   Garrett: Thanks, Michael. It's a pleasure to be with you today.   Michael: No, no, the pleasure is all mine ad I'm super excited to chat with you. I know a little bit about your background and what you do kind of on a day to day basis. But I would love if you could share with our listeners who you are, where you come from, and what is it that you're doing in real estate today?   Garrett: Well, I grew up in the San Francisco Bay Area like you and I moved to Reno in 1989 and Nevada is a great state for setting up LLCs and corporations along with Wyoming. So I practiced corporate law since 1978, and became associated with Robert Kiyosaki and have written a number of books in the rich dad advisor series and you know, have enjoyed talking to people around the country around the world about how to protect your assets. As you start investing in real estate, you need to think about how you're going to protect that real estate because we live in a very litigious society, people sue each other all the time and unfortunately, they don't teach this in school, you have to get this information on your own and so that's what we provide is the information you need and then we offer a service to help you protect your real estate and brokerage and other assets.   Michael: Love it and just right off the bat, I read one of your books for our Roofstock Academy book club, it was a great read, so I can definitely vouch for it. But what are the books that you've written and then what talk to us about your most recent book?   Garrett: Well, I've written a number of books in the rich dad advisor series, including start your own corporation, that's kind of a foundational one, and then run your own corporation, a lot of my clients and I set up a corporation now what do I do, and you have to run it properly. Then I also did loopholes of real estate, which is kind of the tax and legal strategies for investing in real estate and then the newest book is veil not failed and that deals with the corporate veil, you set up an LLC or a corporation to be protected and too many people do this themselves, Michael, they just set it up online, and they don't realize that there are additional steps you have to take to stay protected and so if you don't want your veil to be pierced where someone can sue the company, there are no assets there. They can go through the veil of the company and get it your personal assets, if you don't want that to happen and that's why you set up an LLC.   Michael: That's the point, yeah…   Garrett: It's that you don't want it to happen. You need to follow these corporate formalities and so that's what the book veil not fail is about kind of stories, horror stories of people who didn't follow the rules and then in the latter part of the book, it shows you how to follow the rules so you can stay protected.   Michael: Yeah, great. and where can people find out if they're interested in picking up a copy?   Garrett: Amazon has it the veil not fail. It was supposed to be out in April, but we have this thing called supply chain problems.   Michael: I've heard of that.   Garrett: Not enough paper out there. So it's not out until November but you can go ahead and preorder it.   Michael: Fantastic. Garrett, let's talk about I think a pretty hotly contested and debated topic in the real estate space and that's LLC versus no LLC, I think and it's tough because we're I'm California based. A lot of our listeners are California based and so to have an LLC in California, you're paying at minimum 800 bucks a year and with today's cash flow based on some real estate investments that can eat in to your investment pretty significantly and so I've heard folks say, you know, forget the LLC, go get umbrella policy, go get high liability limit insurance and call it a day. Don't worry about it. What are some risks pros cons associated with doing that, that you've seen folks run into?   Garrett: You know, there's a whole area of law called Bad Faith litigation, and that's when insurance companies collect the premiums and then find a way not to cover you. All right, the insurance companies have acted in bad faith over the years. errors in collecting the premiums and then having exclusions, that little tiny print that you never read and so, you know, the insurance companies, let's face it, they have an economic incentive to not cover every claim and so they're going to find reasons not to cover you and so I always recommend that people have insurance. That's the first line of defense but these LLCs are the second line of defense, in case the insurance company doesn't cover you, or what about a situation where your insurance is, say 2 million, but the judgment is 4 million, right? I mean, you're personally responsible for that extra 2 million. If the property is in an LLC, they can get what's inside the LLC. But if you've done it, right, if you if your veil is strong, they're not going to be able to reach your personal assets for that extra 2 million. So the idea that you're just going to rely on insurance is, in my opinion, quite naive.   Michael: Yeah. Okay, I love it. I'm of the same opinion. I always, I never like to play my hand, though but I love hearing that because I come from the insurance world. So I know how bad things can go and I also have seen how they're supposed to work. But I think you're totally right, there's totally an economic incentive to not pay claims and the insurance industry as a whole gets kind of wrapped in with the folks that are doing the latter, not the former. So I think it makes a ton of sense. But Garrett talked to me about I've heard this concept, and this idea that, okay, there's this, you can be over insured, there is such a point. Now, if I go get a $10 million umbrella, because I really want to be protected. Does that then put a target on my back for a claim or a plaintiff to say, well, hey, he's got a pretty a pretty massive insurance policy, you know, I was only going to sue him for a million, but let's go after the full 10.   Garrett: Well, I mean, there are a number of factors there. I mean, having enough insurance is not a bad thing. If the claim is a million, it doesn't give the attorney the right to try and collect 10 million, you know, I mean, the claim is a million. So you know, the fact that you have extra insurance isn't a bad thing. The attorneys, you know, what we like to do, what we tell our clients is you want to have enough insurance to cover any claim and so you want to have insurance on the property fire casualty, right? You want to have a personal umbrella policy of insurance covering your home and your autos because I think that's the biggest risk out there is a horrific car wreck, right. Do you need that umbrella policy, a commercial umbrella policy over your various rental properties, maybe I had a part such a policy for a while but here in Reno, it got pretty expensive and so I just have regular insurance on the properties. I have regular insurance for my home and autos and I have an umbrella policy for me personally and so you get in that horrific car wreck. There's enough insurance money for the attorneys to get at. They know how to get at insurance monies, they get a percentage of what they collect and then if everything else is held in LLCs you know you'll have a an LLC if you own a property in Oregon, you have an Oregon LLC on title, you own a property in Utah, you'll have a Utah LLC and tie on title and then those two LLCs are owned by one Wyoming LLC. That's how we like to structure things and the attorneys are going to have a tough time collecting from a Wyoming LLC and so they leave you alone on the LLC. Do you have enough insurance to pay the claim and they'll leave you alone on the LLC is that's how we recommend our clients structure things.   Michael: Okay, and why Wyoming LLC because I know you made a very deliberate point of saying where is formed, what's the point?   Garrett: There are three really good states out there and they compete against each other to be the best which is good for us. Instead of having one federal law that applies to every single state. After the American Revolution, each state wanted their own corporate law and so now we have each state with their own corporate law in Delaware, Wyoming and Nevada compete against each other to be the best. You know, the filing fees every year that come in are pretty good. It helps fund the government. So the reason I like Wyoming over Nevada and Delaware is all three protect the owner of the LLC the charging order is the exclusive remedy and all three, but in Nevada and Delaware the annual fee is $350 a year and in Nevada they list your name on the state website. In Wyoming the annual fee is $62 a year and your name does not show up on the State web site. So Wyoming offers lower cost, better privacy and equal protection. So a lot of our clients set up Wyoming LLCs.   Michael: Yeah, okay, well, I'm sold. So being a California guy, though, this is what I've heard and would love your insights. So I've been told that California they want their piece of the pie. So I've got to register any LLC that I own. In California, because I'm a resident here, I live here, even if it has not doing business, because the way California defines doing business is basically me living here. So if I do I own property in Oregon, I own it with an Oregon LLC, that LLC is owned by the Wyoming LLC, but then I gotta register both of those here in California?   Garrett: No, you raise a very good question. So in our example, we had an Oregon LLC and a Utah LLC and if those were owned by you, as a California resident, we'd have to pay 800, twice, once for Oregon, once for Utah, by having the Wyoming parent there, the Wyoming LLC, and we qualify that one to do business in the State of California. You don't have to pay the 800 for Utah, or Oregon. So that's a way to save the $800 for all the title holding LLCs yes, one of them has to pay right $800 to the state of California and you know, California has gotten a little bit looser, you don't have to pay the 800 the first year, that $800 is a credit on the first $50,000 in profits. So it's not like it's wasted. So, you know, I've had people move from California to Nevada, because of that $800 fee. It's just infuriates people. But there is if you love living in California, there's a way to work it so you have protection, and you don't have to pay $800 for every single LLC you own across the country.   Michael: Okay, fantastic and then in going back to that example, if I've got the I've got to register the Wyoming LLC here in California, do I lose out on any of the anonymity that Wyoming affords me because now it's registered here in California?   Garrett: Yeah, you'd have to list your name in California.   Michael: Okay, all right. Yeah, maybe I will think about moving, who knows? All right, Garrett, in your book, and I want to get really nice here for a minute, because I've got you. You talk about quitclaim deeds versus warranty deeds and I think a lot of our listeners out there have utilized this practice, or have heard about this practice because if you go get a conventional loan from a traditional bank, they won't lend to an LLC. So you go get the name the loan in your name, then transfer the property title to an LLC after the fact, right. In the book, you talk about quitclaim deeds versus a warranty deed, can you give us a little bit of insight into what the difference is and why someone should think about using one versus the other?   Garrett: Well, the warranty deed or the grant deed says, I warrant that I own this property and if I don't, if I transfer it to you, and I don't own it, for some reason, you can sue me. All right. So it's a more powerful deed. The grant deed, the quitclaim deed rather, says, I don't know what I own. But I'm transferring whatever I own to you and the title companies go, well, he quit claimed that property and so that severs the title insurance, right because he didn't know what he had and so we're not going to cover him on it on a quitclaim deed and so and too many people pronounce it quick claim.   Michael: I know, I know.   Garrett: You know, and it's the same deed with a couple of different words in it. But you really always want to use the grant deed or the warranty deed because in many cases, you sever the title insurance, when you use a quitclaim deed, okay, and that's….   Michael: Okay and that's even if you're going from yourself as an individual owner to an LLC that you own 100% of?   Garrett: Right, yeah, just ask for the grant deed. Also, if you're buying property from someone, you want to insist on a grant deed or a warranty deed, because if they don't deliver the title that they've promised they are going to deliver, you have the ability to sue them for failure to perform.   Michael: Okay, super good to know, super good to know, Garrett, as people who are just getting started on their investment journey, I mean, what's the appropriate time to set up an entity because I've heard people say, I'll do it later. I'm too small. It's too expensive. You know, what are your thoughts there?   Garrett: Right at the start, you know, it's just not that expensive. We do not charge a lot of money to set up LLCs for people. It's very affordable. It's a business expense, you get to write it off. But I'll give you an example Michael and I I've told this story 1000 times, but I was in San Francisco at an event and I gave a talk about asset protection and this lady comes up to me and she goes, Well, I'd like to transfer title. I just bought a duplex and I'd like to transfer title into the name of an LLC. I go, that's a great idea. I go in California, it's $800 per year per entity and she goes, oh, I can't afford that and so I'm giving a talk in San Francisco again and she comes up to me and says, I've been sued by a tenant, I'd like to set up that LLC now. Well, it's too late, right? You know, the tenant rented from you, in your individual name, UX, they have a claim against you as an individual, and they can reach all of your personal assets as a result and once you've been sued, or even threatened to be sued, it's too late to set up an LLC. I mean, you can't put a seatbelt on after the accident. Yeah, right. So you really want to set this up right at the start and I've heard CPAs say, oh, well, you know, just set it up when you can and that's bad advice. I mean, you know, the joke I tell is that CPA stands for can't protect assets. It's just, you need to set this stuff up right now.   Michael: Yeah, yeah. Okay. I think it makes a ton of sense and I love the seatbelt analogy. I think that really hits home for a lot of folks. So as someone that's getting more sophisticated with their investing strategy, what like tools or strategies should they be aware of as they're starting to scale up and they're investing?   Garrett: Well, I think having that Wyoming, LLC is the parent holding LLC is a good strategy. We talked about an Oregon LLC and a Utah LLC owned by one Wyoming LLC and that Wyoming LLC is passive. It's not going to hold real estate, it's not going to do business with anyone, because if someone sued the Wyoming LLC, they could get at Wyoming at the Oregon and the Utah LLC. That's what the Wyoming LLC owes. So that Wyoming LLC is passive, it doesn't do business with anyone because we don't ever want it to be sued. All right. So that's a key strategy in protection. Now, if your clients are holding brokerage accounts, right, bank accounts, gold and silver stock brokerage accounts, in their individual name, the same rules apply. If they get sued personally, and they have all these assets at a Charles Schwab account in their individual name, someone can very easily get those and so what we do is we set up an LLC for the paper assets for the bullion and if you get sued, and that horrific car wreck, they're in an LLC, it's much different, much more difficult for an attorney to get at those because the exclusive remedy in Nevada and Wyoming is what's called the charging order and that is a lien on distributions in the state of California if you own an LLC that owns a piece of real estate in California, the law in California is that the car wreck victim can go to court and the judge can say yes, you've been injured, you can set forth the sale of the duplex. All right, and that is not good asset protection. So we like Wyoming and Nevada where the court says, okay, you have a claim. But here's the remedy that we offer in our state, you are entitled to distributions that come through the LLC, you can't barge in and force the sale of the real estate, you have to wait for distributions to come and that's not a good use of the attorneys time. You know, monitoring if distributions are made there on a contingency fee, they get paid when they collect on the insurance monies. So their time is better spent going to the next case that has insurance. So that Wyoming LLC that offers the charging order remedy, not where they can barge in and force the sale of the real estate but where they have to wait and monitor distributions that go to you. It's a much better system for protection than choosing a weak state like California, Utah is a really weak state, New York is weak. So we have to understand which states are strong and weak and structure your plan accordingly.   Michael: Yeah, interesting and Garrett, talking through all this kind of makes me beg the question of in our Utah, Oregon, Wyoming, California LLC example where the Wyoming LLC owns the properties. There is a holding company rather, if the tenant in Oregon falls and Sue's sues the owner. I mean how far Is this go and where is the court date held, how does that all work?   Garrett: Well, if you, if the tenant has is renting from the Oregon LLC, that's or they're in contract with, so the claim would be tenant would sue the Oregon LLC, the lawsuit would take place in Oregon, right? That's where the property is. That's where the tenant fell. The action stays within the Oregon LLC, it doesn't give the tenant a right to go down to the Wyoming LLC, which is the parent, it doesn't give the tenant the right to go over to the Utah LLC. That's a separate business entity. So the key here is that if the tenant sues, you want to get notice of that lawsuit as soon as possible, right, you want to turn over this claim to your insurance company, so that they can assist in settling the case. Too many people, Michael have this idea that if they use a land trust, where no one will ever know who the owner is, and no one will ever serve you is just nonsense because you want to get notice of the lawsuit as soon as possible. In the Land Trust scenario, they say, well, geez, no one will ever find out who the owner is. Well, what happens is they go to court and they say, Look, we tried to sue the land trust, we couldn't find out who the owner was and the court says, okay, well published notice in the newspaper. So they published it little two point type in the newspaper that We're suing the Oregon LLC, or the Oregon Land Trust, rather and you don't get notice of that either. They go back to court and say we tried to serve them, we published notice in the newspaper, and no one ever showed up. The court says default judgment, meaning the tenant has won and then when they're trying to collect, you know, you find out that you've been sued, the insurance company can say, Well, look, you should have had notice of this lawsuit, we could have defended you, but we're not covering you now. You didn't give us the proper notice and so this whole idea of a land trust and privacy is just nonsense. You want to get notice of a lawsuit, so you can turn it over to your insurance company.   Michael: Yeah, that makes no sense. I guess it's kind of like the ostrich approach like if I stick my head in the ground, I don't see it. I don't hear about it. It's not a problem.   Garrett: Yeah, it is a problem.   Michael: Interesting, okay and Garrett talked to us about some of the different entity structures that are out there. Because there's the C Corp, the S Corp, the single member LLC, multi member LLC, like should we as real estate investors be thinking about utilizing some of these different corporate structures or is really the LLC that that kind of 45 of structures.   Garrett: Pretty much the LLC is the way to go, if you're going to hold real estate, you in some cases, the limited partnership can work. If you're syndicating real estate and you want to absolute control, the limited partnership can work, you're not going to hold title to real estate in a C Corp or an S Corp or any other kind of corporation, tax wise, it's just not the best way to go. So the LLC is pretty much I mean, 98% of our formations for real estate are LLCs. The other 2% would be LPS for syndication purposes, or, you know, for estate planning purposes where mom and dad with an LP, the general partners, which would be another LLC can own as little as 2% and have absolute control over the property. So mom and dad through their LLC have 2% ownership, the limited partnership has 98% ownership owned by the kids as limited partners, and the kids can't force mom and dad to sell the property. So there are cases where the limited partnership works but in the vast majority of cases, it's the LLC that is on title to the real estate.   Michael: Okay. Good to know, good to know. I had another question for it and it totally escaped my mind.   Garrett: Well, how about fail not fail the new book?   Michael: Yeah…   Garrett: You know, people have these promoters out there just say that most wrongheaded stuff about LLC. I mean, they say that you don't need an operating agreement- wrong. They say that you never have to issue stocks or timber membership interests certificates- wrong. So you you'd need to treat your LLC, like a corporation whereby you have to follow these formalities. You have to have the annual meeting, right and the idea that you never have to have a meeting is when you get into a court of law, you're in front of a judge or a jury. I want you to have a minute book with the minutes of every yearly meeting in it and these promoters say, well, you never have to have a meeting. I want you to walk into court and tell the jury, yeah, I ran this property for 12 years and never had a meeting. It just doesn't work.   Michael: It's not going to fly.   Garrett: It's not going to fly. So you know, the reality is, when you're in a courtroom, the reality is not when you're in office with a promoter telling you don't have to do anything to maintain your LLC. It's just not accurate. Yeah, so that's why I wrote the book, because there's so much misinformation out there about corporate formalities. So with a corporation, you need to follow the corporate formalities and with an LLC, you need to follow the corporate formalities because someone suing can pierce the corporate veil on a corporation, they can pierce the veil on an LLC. It's very, and the rules are not hard to follow. They're really easy. It's just if you don't follow them, they can go through the LLC and reach your personal assets.   Michael: Yeah no, that's such a great point and also, Garrett, I mean, to that point, if someone listening is thinking about reaching out to an attorney for help with forming for entities or restructuring entities, I mean, what are some questions they should be asking and things they should be looking for, with an attorney that they want to put on their team?   Garrett: Well, does the attorney invest in real estate? I mean, I think that's a good question to ask because, you know, I invest in real estate, I've been through the wars and so it just helps you appreciate what the client is going through to have done that yourself. You know, I think some attorneys specialize in personal injury. In contract cases. I mean, you want someone who really knows the ins and outs of LLCs, and appreciates that we have good states and weak states, and that you have to put the combination together to fully protect the client.   Michael: Yeah, that makes total sense and we're recording this, let's see September 2022, what is like the reasonable cost to form an LLC, and then what are any kind of maintenance fees associated with maintaining the LLC?   Garrett: Well, we charge a flat fee of $795, in that, and then the filing fees are on top of that. So Wyoming, for example, is $100. That 795 includes the registered agent for the first year. So you're not paying any extra for that. We also have a system whereby we keep all your documents and if you have lost your operating agreement, we give you a portal where you can go on and download your documents. So we kind of have this backup service for you and then so you pay the 795, the first year, and then the second year, it's already formed, so everything drops down, you only pay 125 to four, the registered agent. Now we give you a book that shows you how to do the minutes because you really should do the minutes every year and even though we give you the book with the forms in it, a lot of people don't do it. So we offer a service where for $150 a year, we'll make sure that your minutes are done and we want to keep you in good standing, we want you to have those annual meeting minutes in your file, just in case you don't want to be in a courtroom and say I never had a meeting.   Michael: Right, it's too late, then like you said, Garrett, this has been super informative and people want to reach out, continue the conversation, take advantage of your services, what's the best way for them to get in touch?   Garrett: Well, they can go to https://corporatedirect.com/schedule/ and set up a free 15 minute consultation with an incorporating specialist that you'll work with this person all the way through the process and they'll give you a quote for what our services entail and you know, just see if there's a fit, we're happy to talk to you and so we set up entities in all 50 states, maybe you're you set up your entity already, it's an LLC, you don't have an operating agreement, you haven't issued the membership certificates. Don't tell anyone but we can clean it up for you. We also offer a registered agent service in all 50 states. So if you've got one company here, one company there we can be your one company to serve as the registered agent in all 50 states. So we'd be happy to help your listeners Michael and you know, have them call corporate direct or go, go visit the website, corporatedirect.com and there's plenty of information and articles there and kind of tells you what we do.   Michael: Amazing. Well, Garrett, thank you so much for that. One final question before I let you out of here. We've said the term a couple times. But for anyone who maybe isn't familiar, can you bring them up to speed on what a Registered Agent is and what the importance is?   Garrett: Well, the Registered Agent is someone in the state where you set up the entity or where you're qualified to do business and the idea is that instead of having someone who's trying to sue you search all over the state of Texas for you, right? The Registered Agent is an address where someone suing, you can go and serve the registered agent with service of process. So it's just it's kind of an efficient way for the justice system to work. It's one place where you can serve an LLC or a corporation, and then they're responsible for forwarding that on to you and so you want to use a reputable registered agent service that knows the importance of a lawsuit, if we get a notice of a service, we're on the phone immediately to our client, because you've only got 30 days to get an attorney and answer that complaint. So you don't want a mom and pop that is going to go out of business or doesn't appreciate the consequences of being served with a lawsuit. So it's an important function and if you fail to pay the Registered Agent, they're going to refuse service a process and then they're, you know, the person suing us is going to go back to court and get, you know, authorization to publish notice in the newspaper, and again, you're not going to get noticed to this cert of the claim. So you want to have that registered agent on your team at all times.   Michael: Yeah, yeah, super great point and the Justice Department looking for efficiencies. That's not something I maybe I've ever heard before. So really exciting stuff.   Garrett: It's something that does exists, so…   Michael: Oh, Garrett, thank you. Again, this was super informative, and I definitely would love to have you back on once your book comes out in November.   Garrett: That sounds great. Thanks, Michael.   Michael: You got it, take care. We'll chat soon.   Garrett: All right.   Michael: All right, everyone, and that was our episode a big thank you to Garrett for coming on. Definitely take advantage of that. 15 minute free consult if you're interested. As always, if you liked the episode, feel free to leave us a rating or review. We'd love to hear from you all and we look forward to seeing on the next one. Happy investing…

Garett Sutton is an attorney, a best-selling author, and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years' experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures, and advance their financial goals. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad, calls Garrett and Corporate Direct “the premiere source for asset protection strategies.” He shares his insights on how to be successful in this industry, emphasizing the importance of taking consistent action towards one's goals. He recommends listeners to take a proactive step by incorporating their business. You can schedule a meeting with him at https://corporatedirect.com/schedule! [00:01 - 03:34] Opening Segment   Garrett shares that passive investing is a way to invest in real estate without having to manage the property or deal with tenants This can be a good option for people who are not interested in managing their own property or who want to avoid the risk of eviction Active investing is a way to invest in real estate by taking on the responsibility of managing the property and dealing with tenants This can be a good option for people who are interested in owning their property     [03:35 - 20:26] The Benefits of Asset Protection Garrett shares that it is important to consider both active and passive investing when making this decision, as each has its own advantages Active Investing versus Passive Investing The benefits of each approach It is important to follow formalities when setting up an LLC, as this can protect your personal assets in the event of a lawsuit The common reasons why people are sued include: Not having insurance coverage Not following the rules to set up for an LLC   [20:27 - 24:15] Closing Segment Garrett advises that it is important to have an incorporating specialist help you create a legal structure that will protect your assets   Garrett shares where you can get in contact with him (links below)   Quote/s: “No matter what you do, passive or active, you've got to consider asset protection.” – Garrett Sutton You can connect with Garrett through his: Website: https://corporatedirect.com/schedule Facebook: Garrett Sutton Twitter: Garrett SuttonLinkedIn: Garrett SuttonYouTube: Garrett Sutton WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email at sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Garrett Sutton is an attorney, best-selling author and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner.Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct "the premiere source for asset protection strategies." Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California's law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series.We chat about:The need for asset protection - we live in a litigious societyPiercing the Corporate Veil The good, bad, and ugly entities - the importance of using the right one and how to decide between them allHis experiences and horror stories surrounding entity selection - a topic not taught in schoolLLCs vs Corporations for real estate - understanding the difference and knowing which one to chooseHis mission and work as author, including his books that are part of the best-selling Rich Dad, Poor Dad, wealth building book seriesLIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTubeSpotifyStitcherDeezerFacebookTwitterInstagramSUPPORT THE

Garrett Sutton is an attorney, best-selling author and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner. Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct "the premiere source for asset protection strategies." Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California's law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series. We chat about: The need for asset protection - we live in a litigious society Piercing the Corporate Veil The good, bad, and ugly entities - the importance of using the right one and how to decide between them all His experiences and horror stories surrounding entity selection - a topic not taught in school LLCs vs Corporations for real estate - understanding the difference and knowing which one to choose His mission and work as author, including his books that are part of the best-selling Rich Dad, Poor Dad, wealth building book series LIKE • SHARE • JOIN • REVIEW http://reimastermind.net/ (Website) https://reimastermindnetwork.locals.com/ (Join the REI Mastermind Network on Locals!) https://podcasts.apple.com/us/podcast/rei-mastermind-network-real-estate-investing-strategies/id1227366661 (Apple Podcasts) https://podcasts.google.com/feed/aHR0cDovL3JlaXJvb2tpZXMubGlic3luLmNvbS9yc3M (Google Podcasts) https://www.youtube.com/channel/UC_6OpKSfSGvgGDG1qtBQw9Q (YouTube) https://open.spotify.com/show/4P66jm0Q4PMl7OoZzHMUUZ (Spotify) https://www.stitcher.com/show/rei-rookies (Stitcher) https://www.deezer.com/us/show/2148782 (Deezer) https://www.facebook.com/REIMastermindNet (Facebook) https://twitter.com/rei_mastermind (Twitter) https://www.instagram.com/reimastermindnet/ (Instagram) SUPPORT THE SHOW! Self Managing Your Rental Properties? https://app.rentredi.com/signUp/JCH191 (Get 6 months of RentRedi for $1! Click this link!) https://www.patreon.com/reimastermind (Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermind) https://bit.ly/reiappsumo (Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo) https://drop.com/?referer=3DC729 (Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729) "You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack

In today's episode of Ritter on real estate we sit down with Garrett Sutton. Garrett is an attorney/best-selling author and one of Robert Kiyosaki's Rich Dad's Advisors. Garrett has over 35 years of experience assisting individuals and businesses in limiting their liability, protecting their assets, and implementing advantageous corporate structures. Garrett is the author of start your own Corporation, loopholes of Real Estate, Writing Business Plans, Buying and Selling a Business, and his most recent book Veil Not Fail.Garrett is the owner and operator of Corporate Direct and Sutton Law Center, since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Welcome to the show, Garrett! Key Points From The Episode: Garrett's upbringing, going to business and Law School.Getting to work with Robert Kiyosaki riding 8 books in the Rich Dad series.How Garrett became a Rich Dad Advisor.Defining asset protection -  think about litigation.Don't hold properties in your own name.Garrett explains inside and outside attacks to LLCs.The best states to hold LLCs in.Umbrella Insurance in why it's important.Why you're holding company should be in Wyoming.Garrett's new book Veil Not Fail. Corporate formalities and why they are important.How to choose the right entity for your real estate business.Why  C-corps and land trusts aren't good for owning real estate.Using LLC's for syndication/passive investors.Books Mentioned: Rich Dad, Poor Dad by Robert Kiyosaki & Veil Not Fail by Garrett Sutton, ESQ. 

Garett Sutton is an attorney, best-selling author and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years' experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. Garett Sutton is an attorney, best-selling author and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years' experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner. Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct “the premiere source for asset protection strategies.” Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California's law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series. Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama, and the Reno, Nevada based Sierra Kids Foundation and Nevada Museum of Art. Social Media Links: https://corporatedirect.com/schedule https://www.facebook.com/corporatedirectnv https://twitter.com/GarrettSutton https://www.linkedin.com/in/garrettsutton/ https://www.youtube.com/channel/UCT-pLv4_qmcTH-Xnu_uEyNQ

In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Garrett Sutton about the many strategies investors and entrepreneurs can take to protect their assets. To be able to protect your assets, one should know what to protect them from. Here, Garrett explains how inside and outside attacks affect your LLC, the line of defense your LLC can have, what Garrett tackles in his upcoming book, VEIL NOT FAIL, and much more. In this episode you will learn: Garrett Sutton on being a part of Rich Dad Advisors Group Why do you need an LLC? Not transferring the title to your LLC is a mistake If Delaware is the 1st state for LLCs, Wyoming is the 1st state for blockchain and crypto tech What to expect from the book, VEIL NOT FAIL and so much more! About Garrett Sutton:   Garrett Sutton is a corporate attorney, asset protection expert and best selling author who has sold more than a million books to guide entrepreneurs and investors.   For more than 30 years, Garrett Sutton has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 13,000 clients protect their assets and incorporate their businesses.   Garrett also serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the bestselling Rich Dad, Poor Dad wealth-building book series. Garrett enjoys speaking with entrepreneurs and real estate investors on the advantages of forming business entities. He is a frequent lecturer for small business groups as well as the Rich Dad Advisors series.   Garrett attended Colorado College and the University of California, Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings College of Law, the University of California's law school in San Francisco. Garrett is licensed in Nevada and California.   Garrett is a member of the State Bar of Nevada, the State Bar of California, and the American Bar Association. He has written numerous professional articles and has served on the Publication Committee of the State Bar of Nevada. Additionally, He has appeared in the Wall Street Journal, Credit.com and other publications.   He serves on the boards of The American Baseball Foundation, based in Birmingham, Alabama and The Nevada Museum of Art and Sierra Kids Foundation, both based in Reno, Nevada. Garrett has been recognized as a Lifetime Achievement Member by America's Top 100 Attorneys.   Follow Garrett Sutton on:   Website:          https://corporatedirect.com   Schedule a free 15-minute consultation with an Incorporating Specialist (not with Garrett, but with one of his paralegals): https://corporatedirect.com/schedule Link to RDA Press website where "Veil Not Fail" ebook will be available (all of Garrett's other Rich Dad books are available here as well) https://rda-press.com Amazon pre-order link for "Veil Not Fail" print version: https://amzn.to/3LgW9JU   Connect with Mo Bina on:   Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/   For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index      

You're putting yourself and your investments at risk if you're a stranger to the law. Understanding legal terms and issues will be easier for you as Garrett Sutton shares his knowledge and experiences for decades on how to protect your assets and start investing in real estate by abiding by the law with awareness and caution. Stay tuned! Key takeaways to listen for  When should you set up a separate entity when investing? The purpose and value of the corporate veil Impact of the Corporate Transparency Act (CTA) regulations Vital function of registered agents and why you should get one Resources mentioned in this episode Veil Not Fail by Garrett Sutton | Ebook   About Garrett Sutton Garett Sutton is an attorney, best-selling author, and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years of experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner. Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct “the premiere source for asset protection strategies.” Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California's law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series. Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama, and the Reno, Nevada-based Sierra Kids Foundation and Nevada Museum of Art. Connect with Garrett Website: Corporate Direct Facebook: Corporate Direct & Sutton Law Center Twitter: @GarrettSutton LinkedIn: Garret Sutton YouTube: Garrett Sutton Phone: 800-600-1760   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr

https://youtu.be/06Li-WW9ihw Garrett Sutton is the CEO of Corporate Direct and the Sutton Law Center, an asset protection company that provides corporate formation and maintenance services. He is also an 11-time best-selling author and a Lifetime Achievement member of the Top 100 Attorneys. We discuss asset protection laws across different states, corporate formation strategies, and how to use your book to scale your business.   --- Clean up Your Corporation With Garrett Sutton Our guest is Garrett Sutton, who is the CEO of Corporate Direct and the Sutton Law Center that provides affordable asset protection and corporate formation and maintenance services through four offices across Nevada and Wyoming. Garrett, since 1988, has served over 12,000 clients, and he also has served over 900,000 readers of 11 bestselling books, of which three was co-authored with Robert Kiyosaki in the Rich Dad series. He is also a Lifetime Achievement member of the Top 100 Tourneys. So that's pretty impressive. And he serves on the boards of the American Baseball Foundation and the Neveda Museum of Art. So welcome to the show, Garrett. Thank you, Steve. It's a pleasure to be with you today. It's awesome to have you. So Garrett, tell us a little bit about your journey. How did you become an entrepreneur and how did you build your business? Well, I went to the University of California at Berkeley, got my BS in business administration and then went across the bay to San Francisco to Hastings Law School. And I practiced law in San Francisco and Washington DC and just wanted to live in the mountains. So I moved to Reno and I spent a lot of time skiing at Lake Tahoe. And Nevada is a great place to set up corporations and LLCs. So that was one of the reasons I located here. I've always had an entrepreneurial streak and you can be a regular lawyer. There are all kinds of ways you can practice law, but I prefer to deal with many clients and assist them in setting up these corporations and LLCs and then most importantly, maintaining them so they can have continued protection. So that's kind of the entrepreneurial journey is getting into law and then figuring out which part of the law I could be more entrepreneurial within. That's fascinating. And you see very few attorneys who really have this entrepreneurial streak. Often, attorneys more see themselves as the expert professionals, and they want to personally deliver the value, and you are doing it through people. So tell us a little bit about how you do that, what kind of systems you have, and how do you turn your personal practice into a thriving business? Well, Steve, the key for me is having good staff. We have a staff that's very well trained, that knows the ins and outs of corporate formation and maintenance. It takes a while to train these people. I value the staff more than anything, more than my expertise, the logo, whatever. We have a team here that works together. Everybody gets monthly bonuses. And so, you know, try and build a team effort here where everybody's on the same page, working for the best interest of the client.  So, tell me a little bit about this whole concept of asset protection. I mean, you know, I have been interested in this area for a few years now, and I'm coming out of the book and I wrote like a short chapter, maybe several chapters, just a few pages. But to me, what I understood it to be is essentially save on taxes and protect yourself against litigation. Is this what it is about or there are other things? Well, on my side, the legal side is about protecting yourself from litigation, using corporations and LLCs, the limited liability charters that they offer to protect yourself from litigation. Now, as an entrepreneur, you're gonna have a team of people. You're gonna have a lawyer and you're gonna have a CPA. And a good CPA can save you a lot of money. I tell people, if you're gonna spend $5,000 for the CPA, hopefully they're saving you 15,000 or more a year.

Welcome to another episode of Millionaire Secrets! Asset Protection. People only call for it after they need it! In today’s interview, I discuss this critical error with renowned asset protection attorney - Garrett Sutton! If you’ve ever wanted advice on how to protect your business - This interview is for you! For more than 30 years, Garrett has been maximizing financial goals for people from California to Wyoming. His companies, Corporate Direct and Sutton Law Center, have helped over 10,000 clients. With this in mind, it’s no surprise that he received a Lifetime Achievement Member award from America’s Top 100 Attorneys. As well as being an incredible attorney, he is also a Best-Selling Author! Over 900,000 books sold to help out investors AND entrepreneurs! What gives Garrett this knowledge into the world of entrepreneur-ing? He’s the personal asset protection attorney to legendary businessman, Robert Kiyosaki, and is a member of Robert’s advisor group - ‘Rich Dad Advisors’ Despite all these claims to fame: He is one of the most humble men I’ve ever met! But don’t worry, we definitely dive into his tips for success in today’s interview. Find out: The most common and crippling mistakes made when starting a business - AND HOW TO AVOID THEM The risks you SHOULD take when beginning your entrepreneurial journey How to find the perfect team and build the ultimate working environment I’ve been sued 5 times in my life - I wish I'd had Garrett’s advice back then! Don’t miss your chance for this masterclass in asset protection and entrepreneur-ing! Watch The Full Interview Here To Learn From The Pro!

Garrett  Sutton has over 35 years of experience working with entrepreneurs and investors. As the founder of both Corporate Direct and Sutton Law Center, Garrett enjoys helping entrepreneurs and real estate investors understand the advantages of forming business entities and how to protect their assets while maximizing their financial goals. Additionally, he enjoys his role as a frequent lecturer for small business groups as well as the Rich Dad Advisors series. Garrett prides himself on using his products and services to provide information that helps people understand important topics not taught in school and writing books that help people clearly understand the law, despite its many nuances. Garrett Sutton joins John Carney today in The Real Estate Locker Room to discuss smart ways to navigate the real estate world.

Garrett Sutton is the CEO of Corporate Direct and the Sutton Law Center, an asset protection company that provides corporate formation and maintenance services. He is also an 11-time best-selling author and a Lifetime Achievement member of the Top 100 Attorneys. We discuss asset protection laws across different states, corporate formation strategies, and how to use your book to scale your business.   Timestamps   [01:09] Garrett's journey into entrepreneurship [02:47] How Garrett turned his law profession into a thriving business [03:31] Defining asset protection [07:10] Comparing asset protection laws across different states [09:10] Practical asset protection strategies [15:25] Analyzing leverage and management buyouts in today's world [17:30] Difference between certified and uncertified security [19:30] Comparing a member-managed LLC to a manager-managed LLC [21:43] The benefits of having a resident agent [25:13] The value of maintaining asset protection entities [29:00] Why you need to have annual LLC meetings and record meeting minutes [30:14] Garrett's go-to books for understanding corporate formation [32:08] Dissecting C-Corp and S-Corp from a tax perspective [37:13] Why writing a book establishes you as an expert in your field [38:08] How to use your book to scale your business   Links and Resources Garrett's Website Garrett's LinkedIn Garrett's Book: Loopholes of Real Estate Garrett's Book: Start Your own Corporation Steve's soon-to-be-published book Steve's blog https://StevePreda.com

Today on The Real Estate Raw Show: Great tips from Attorney, Robert Kiyosaki / Rich Dad Advisor, and Multiple Book Author Garrett Sutton shares tons of great tips! Garrett Sutton, Esq., author of best-selling books Start Your own Corporation, Run Your Own Corporation, Loopholes of Real Estate, The ABC's of Getting Out of Debt, Writing Winning Business Plans and Buying and Selling a Business in the Rich Dad Advisors series and four other books (see full list here), is an attorney with over 30 years experience in assisting individuals and businesses to determine their appropriate corporate structure, limit their liability, protect their assets and advance their financial, personal and credit success goals. Garrett and his law firm, Sutton Law Center, have offices in Reno and Minden, Nevada, and Jackson Hole, Wyoming. The firm represents thousands of corporations, limited liability companies, limited partnerships and individuals in their real estate and business-related law matters, including incorporations, contracts, and ongoing business-related legal advice and accepts new clients. The firm also assists its clients to find and analyze appropriate real estate projects. Buy Garrett's Books: Start Your Own Corporation : https://amzn.to/3ou1hjo Loopholes In Real Estate : https://amzn.to/3oxj3C8 Tax Free Wealth: https://amzn.to/35AjALc How To Use Limited Liability Companies and Limited Partnerships : https://amzn.to/3otsbb5 Run Your Own Corporation: https://amzn.to/35ETs1s Info and Credits due: https://corporatedirect.com/about/our-team/ About Joe: Mr. Mendoza has a long track record of success. 100's of millions of dollars of real estate transactions. Hundreds of people mentored, coached, and trained. He's been on television, radio, and multiple publications. Are you looking for a trusted advisor in real estate? Perhaps help to get to the next level in business or life? Joe is the MAN! Buy Joe's NEW book "Flex With A Plex" on Amazon: https://amzn.to/30VHBus Looking for a new broker, real estate company, brokerage? Join me and EXP Realty now! We are in ALL 50 states, Canada, Australia, and United Kingdom (UK) http://becomearepro.com/ Add "Joe Mendoza" is my sponsor. Find the deals! http://findhiddendeals.com/ Having trouble with your real estate calculations? http://bestdarncalculator.com/ Need an app while looking for deals: http://letsdrivefordollars.com/ Hire a Virtual Assistant Today! https://bit.ly/3dgpmoF Ready to make some calls to leads? (Caution: Use your discretion and be aware of local and federal laws) http://ineedphonenumbers.com/ Keep watching, subscribe, or reach out to Mr. Mendoza today for a private consultation, training, or speaking engagements. Joe Mendoza - California Broker DRE #01234540 Top Real Estate Pro, Coach, Investor, and Speaker 100 E. San Marcos Boulevard, Suite 400 San Marcos, CA 92069 Office (877) 794-5227 --- Support this podcast: https://anchor.fm/therealestaterawshow/support

Garrett Sutton, a Rich Dad Advisor, corporate attorney, asset protection expert and best selling-author with 900,000+ books sold.  Garrett has over 35 years of experience working with entrepreneurs and investors. As the founder of both Corporate Direct and Sutton Law Center, Garrett enjoys helping entrepreneurs and real estate investors understand the advantages of forming business entities and how to protect their assets while maximizing their financial goals. Additionally, he enjoys his role as a frequent lecturer for small business groups as well as the Rich Dad Advisors series. Perhaps you’ve seen his name in publications such as The Wall Street Journal or Credit.com or on the shelf of your local Barnes and Noble. Garrett prides himself on using his products and services to provide information that helps people understand important topics not taught in school and writing books that help people clearly understand the law, despite its many nuances

Interested in becoming rich with real estate investing? You may have heard that real estate is one of the best methods of wealth creation and that many of the wealthiest people in the world hold their wealth in investment properties. But, how do you protect it? How can you make sure your hard earned wealth lasts for generations to come. On this episode of the Money, Love, & Freedom podcast, Coach George Wang interviews Garrett Sutton to answer those exact questions for you. Garrett is a Rich Dad Advisor for Robert Kiyosaki, a corporate attorney with 35+ years of experience in asset protection, and founder of both Corporate Direct and Sutton Law Center.If you’re new to real estate investing or want to invest in real estate in the future, then make sure you listen to this episode now and learn exactly what you need to do to keep yourself and your hard earned assets protected.Show notes: CoachGeorgeWang.com/40

Garrett Sutton has been practicing corporate law more than 35 years, assisting entrepreneurs and real estate investors around the world in protecting their assets and maximizing financial goals through his companies Corporate Direct and Sutton Law Center. Garrett, a highly sought after guest speaker, serves as a member of the elite group of "Rich Dad Advisors" for bestselling author Robert Kiyosaki. Garrett has authored several successful books for business owners, including "Start Your Own Corporation," "Run Your Own Corporation," "Writing Winning Business Plans" and "Loopholes of Real Estate." These books are part of the bestselling Rich Dad, Poor Dad wealth-building book series. https://corporatedirect.com/

In this episode of the Millionaire Mindcast, we have a brilliant guest, Garrett Sutton who shares insights about the insurance policy for asset protection, financial commitments of setting up an entity and keeping it up, the best and worst States for certain business reasons, why you should incorporate your business, the importance of following the corporate formalities, the common mistakes in structuring a business entity, and tips on how to create an effective generational wealth! Garrett Sutton is a serial entrepreneur, an Attorney, owner and operator of Sutton Law Center, best-selling author, one of Robert Kiyosaki’s Rich Dad’s Advisors, and owner and founder at Corporate Direct, Inc., provides help and services to entrepreneurs and investors in protecting their personal assets and business, and maintaining their privacy for their financial goals. There’s a lot we don’t learn in school like the life skills to succeed in business and in life. For Garrett, you just have to conquer the fear of asking questions to know what you don’t know. Start reading and start thinking about how you can win the race and do your own thing. Find the knowledgeable person or group that would assist and help you to figure out the things you’re interested in. If you’re into a business, make sure that your assets are truly protected. Be aware of red flags to avoid regrets. Seek helps professionals and experts like Corporate Direct. Garrett suggested, whatever you do in life, do what you do best but you have to understand the value of the team. Never be a solo flyer. Have people on your team that will assist you and make your project successful. Build an All-Star team for your future big goals and continue to build wealth. Some Questions I Ask: What did you do before you met Robert Kiyosaki? (00:19) What book that’s coming out in Fall? (01:07) Why do you think Robert Kiyosaki decided to build a brand and a group with you? (01:26) What have you seen as one of the most commonly misunderstood or overlooked or just not necessarily armed with the knowledge and resources that really everybody should know?  (02:54) When is it the right time or recommended to set up an entity in a corporation as you operate in an entrepreneurial setting?  (04:12) What should people be earmarking or thinking rationally when it comes to capital needed to set up an entity properly and the maintenance to it? (06:19) Talk about some of those things that people overlook that they should be doing in building into a routine or an annual upkeep plan to keep their corporation dallied in and in compliance. (08:02) What are those best States and worst States for certain business reasons? Why? (10:30) LLC, S Corp, and C Corp, how do you distinguish which one is the most beneficial to set up as? (14:32) What are some of the key members of setting, managing, and running a business up that people should be actively building relationships with over time to build out that all-star team? (16:52) What are some of the things that people can take advantage of incorporations or in structuring that you often see other attorneys or other advisors were helping people set up business missed and not taking advantage of? (20:08) What are some of the things that people should be asking the individual or the company before they decide if it’s the right person or group to help them accomplish their goals? (22:37) Let’s go back to families like Walton and the Carnegie, what have they’ve figured out when it comes to generational wealth that most others habit? (25:54) In real estate holdings, what are some of the higher-level strategies that people could reach out to you on or we leave for further discussion down the road? (27:09) If you could become a high school, college, or middle school professor, what would you like to see taught and shared with those individuals? (36:15) In This Episode, You Will Learn: The value of a team (03:20) Why you should incorporate your business (04:42) Insurance policy for asset protection (06:45) Common mistakes in structuring a business entity (20:35) What is the role of Registered Agent (23:38) The importance of asking questions (29:12) Tips in creating an effective generational wealth (32:51) Quotes: “There’s a lot we don’t learn in school.” “As an attorney, my job: I have a pecuniary duty to my client.” “You just have to build the team.” “The law is written for everyone, the rich use it, why shouldn’t you?”

Dan Hanlon from Midland Trust and Garrett Sutton from Sutton Law Center discuss the legal side of LLCs.

On this episode, we speak with Garrett Sutton. Garrett is the Founder of Corporate Direct and Sutton Law Center, Rich Dad Advisor and Bestselling Author of six Rich Dad Advisors Series books, including Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans and Run Your Own Corporation, Buying and Selling a Business, and The ABCs of Getting Out of Debt.

Segment 1: .Most small business owners don't realize that their personal credit score and business credit score are different, and you actually have more control over the latter. We show you what factors into your business credit score and what you can be doing to keep it in the upper range. Steve Ely is the CEO of eCredable, a credit bureau that is changing the way you establish business credit. Steve was formerly the President of Equifax Personal Information Solutions, which provides credit-related products to consumers that help them manage their credit health and protect themselves against identity theft.Segment 2: We discuss the most important sections in a business plan and what you can do to make them as strong as possible to impress investors, but also to give yourself a roadmap. Garrett Sutton is a corporate attorney, asset protection expert and bestselling author who has sold more than 900,000 books to guide entrepreneurs and investors. For more than 30 years, Garrett has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, have helped more than 10,000 clients protect their assets and incorporate their businesses.Segment 3: Thanks to the advancement of technology, it is now becoming commonplace to deal with clients, customers and employees from all over the world. We discuss how to deal with the cultural and racial conflicts that may arise within companies as a result. Jesmane Boggenpoel is an experienced business executive and former Head of Business Engagement for Africa at the World Economic Forum. She has served on the boards of various South African and international organizations. She is a Chartered Accountant and holds a Master's degree from Harvard University's JFK School of Government. She is the author of the book “My Blood Divides and Unites”.Sponsored by Nextiva, Corporate Direct and LinkedIn

Segment 1: Phuong Uyen Tran, the author of Competing with Giants, is deputy CEO of the THP Beverage Group, a leading beverage company in Vietnam that was founded by her father. She also leads THP's international marketing programs across 16 countries where THP's products are distributed including Canada and China.Segment 2: Garrett Sutton is a corporate attorney, asset protection expert and bestselling author who has sold more than 900,000 books to guide entrepreneurs and investors. For more than 30 years, Garrett has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, have helped more than 10,000 clients protect their assets and incorporate their businesses.Segment 3: Annalisa Parent helps entrepreneurs finish, publish, and sell their expert books. She is the CEO of Laurel Elite Books, a two time teacher of the year nominee, and a recipient of the French Congressional Medal of Honor. Sponsored by Nextiva and Corporate Direct

Every state has different laws that determine what you can and cannot do. When it comes to asset protection, knowing the differences can cause you to keep your fortune or completely lose it. Even though there are many states to choose from, many deals use Delaware LLCs due to their proficiency in asset protection. Even though it is not commonly thought of, Wyoming is our guest's state preference for asset protection. Our guest for today is Garrett Sutton who is a nationally acclaimed corporate attorney and asset protection expert. He has written a number of books guiding entrepreneurs and investors. His best sellers include Start Your Own Corporation and Loopholes For Real Estate. He is the founder of Corporate Direct and Sutton Law Center, which since 1998 has provided affordable asset protection to investors around the world.   Today we are going to discuss... What states offer the best asset protection What is a "charging order" and how does this play a role in selecting the correct entity What percentage of entities are ruled invalid by the courts How you can significantly increase your changes to maintain the corporate veil Why you should consider holding your passive investments in an LLC Learn more about our guest:  Website: corporatedirect.com Phone Number: 800-600-1760 If you haven't yet, make sure to go to IntelligentInvestors2018.com to grab your tickets to the conference. The conference is November 10th-11th in Marina del Rey. Elevation Capital Group, Gelt Inc., Concordia, uDirect, LaTerra Development, and many more will be there. Will you? Don't forget to use the discount code CFC for $100 off the ticket price. Subscribe in iTunes. Click here to access our investment opportunities.  

Garrett Sutton has been practicing corporate law for more than 35 years assisting entrepreneurs and real estate investors in protecting their assets and maximizing financial goals through his companies, Corporate Direct and Sutton Law Center. He is a prolific author and one of Robert Kiyosaki’s Rich Dad Advisors. Garrett Sutton’s books are part of the “Rich Dad, Poor Dad” wealth-building book series and include the best sellers, “Start Your Own Corporation,” “Run Your Own Corporation,” and “Loopholes of Real Estate.” What you’ll learn about in this episode: Essentials that you need when you’re starting a business Why Garrett recommends getting your business setup as an LLC at the start instead of waiting Why you never want to hold real estate in a C corp The entity structure that Garrett uses with all of his clients What you need to do to protect your assets The importance of following corporate formalities on an annual basis How the living trust & LLC work together, but are not equal Why you should not use a land trust How people who invest in real estate use tax loopholes to benefit their bottom line Why you need to use the right attorney in the right circumstance Resources: REInvestorsummit.com/sutton REInvestorSummit.com/noteservicing REInvestorSummit.com/Grow REInvestorSummit.com/101 REInvestorSummit.com/100

Garrett Sutton, Esq. is a nationally acclaimed corporate attorney and asset protection expert, who has written a number of books guiding entrepreneurs and investors. Garrett’s best sellers include: Start Your Own Corporation, Writing Winning Business Plan, The ABC’s of Getting Out of Debt, Run Your Own Corporation, Buying & Selling a Business and Loopholes of Real Estate in Robert Kiyosaki’s Rich Dad Advisor series. Garrett is also the author of How to Use Limited Liability Companies & Limited Partnerships and the co-author of Finance Your Own Business and most recently released, Toxic Client. Garrett enjoys helping entrepreneurs to succeed. He has over thirty years of experience in assisting individuals and businesses to determine their appropriate corporate structure, limit their liability, protect their assets and achieve their goals. Garrett is the founder of Corporate Direct and Sutton Law Center, which since 1988 has provided affordable asset protection and corporate formation and maintenance services for investors around the world. His articles and quotes have been published in The Wall Street Journal, New York Times, CBS.com, Time.com and Credit.com. More information is found at www.CorporateDirect.com and www.sutlaw.com. Garrett is married with three children and lives in Reno, Nevada near the outdoor activities of Lake Tahoe and the Sierra Nevada Mountains. In this episode you will learn how to: • Identify toxic clients • Finally understand if the customer is always right • Who's at the highest risk for toxic clients • How to listen for toxic clients • Strategies to avoid toxic clients • Strategies to deal with toxic clients if you already have them • How to identify the "freeloader" • Instincts • Mental health • "Entitlementia" • Toxic employee's • An so much more!

  Garrett Sutton, Esq. is a nationally acclaimed corporate attorney and asset protection expert, who has written a number of books guiding entrepreneurs and investors. Garrett's best sellers include: Start Your Own Corporation, Writing Winning Business Plan, The ABC's of Getting Out of Debt, Run Your Own Corporation, Buying & Selling a Business and Loopholes of Real Estate in Robert Kiyosaki's Rich Dad Advisor series. Garrett is also the author of How to Use Limited Liability Companies & Limited Partnerships and the co-author of Finance Your Own Business and most recently released, Toxic Client. Garrett enjoys helping entrepreneurs to succeed. He has over thirty years of experience in assisting individuals and businesses to determine their appropriate corporate structure, limit their liability, protect their assets and achieve their goals. Garrett is the founder of Corporate Direct and Sutton Law Center, which since 1988 has provided affordable asset protection and corporate formation and maintenance services for investors around the world.   Bestselfco., Make Success a Habit! Use the Self Journal to organize and align tactical day to day tasks with larger life goals.   In this episode you will learn: How important it is to have asset protection in place when you invest in Real Estate and  Businesses. The lines of defense investors and business owners can set up to protect their investments and their personal assets Situations where investors would put every property in a separate LLC  and thoughts on the Series LLC Three important considerations when you set up your business and investments The 4 good business entity structures and the protection they offer Some of the most favorable states in the United States to incorporate in What asset protection strategies are available to foreign investors and business owners in the United States How you can hold a brokerage account as a legal entity for paper assets, commodity brokerage and trading accounts, and oil and gas investments. The latest developments and changes in the asset protection world.   Recommended Books: Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them by Garrett Sutton Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company Into the Future by Garrett Sutton Loopholes of Real Estate by Garrett Sutton The ABCs of Getting Out of Debt: Turn Bad Debt into Good Debt and Bad Credit into Good Credit by Garrett Sutton Writing Winning Business Plans: How to Prepare a Business Plan that Investors Will Want to Read and Invest In by Garrett Sutton Buying and Selling a Business: How You Can Win in the Business Quadrant by Garrett Sutton Toxic Client: Knowing and Avoiding Problem Customers by Garrett Sutton Finance Your Own Business: Get on the Financing Fast Track by Garrett Sutton and Gerri Detweiler How to Use Limited Liability Companies & Limited Partnerships by Garrett Sutton and Cindie Geddes   Interview Links: www.CorporateDirect.com www.sutlaw.com www.successdna.com www.mybestadvisors.com www.richdad.com     Show Sponsors: Audible, download any audio book for free when you try audible for 30 days. Leadpages,  is offering a free marketing automation course that includes:12 video modules with step-by-step strategies to leverage what's working in your business. Thrive15.com, get a free month of access at www.thrive15.com/cashflow   Show Transcript    Have some feedback you'd like to share? Leave a note in the comment section below and please share it using the social media buttons you see at the bottom of the post! If you enjoyed this episode of our podcast, please leave an honest review for The Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. John Lee Dumas of EOfire.com made a video explaining how to leave a review you can watch here. You can also access step by step instructions how to subscribe, rate and review on Itunes from Apple here. Thank you for supporting our podcast and sharing it with friends and family! Live a Life of passion and purpose on your terms, M.C Laubscher