Can a Trust Own an LLC? Pros and Cons

FREE BOOK

#LLCLivingTrust #LLCVsLivingTrust #HouseInTrustOrLLC

Webull

DISCLAIMER

The information provided in this video does not, and is not intended to, constitute tax or legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this channel may not constitute the most up-to-date legal or other information. This video and/or description may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the we do not recommend or endorse the contents of the third-party sites. The presenter is not an attorney. Lawyers Limited is not a law firm and none of the information should be considered legal advice.

Viewers of this video should contact their attorney to obtain advice with respect to any particular legal matter and their accountant with respect to any tax matter. No viewer, reader, user, or browser of this video or channel should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this video, channel or any of the links or resources contained within do not create an attorney-client relationship between the viewer, reader, user, or browser and video authors, contributors, contributing attorneys, law firms, or committee members and their respective employers.

The views expressed at, or through, this channel and in this video are those of the individual authors writing in their individual capacities only – not those of their respective employers, the associated company, companies, brands, or company as a whole. All liability with respect to actions taken or not taken based on the contents of this video and channel are hereby expressly disclaimed. The content on this posting is provided "as is;" no represen

[bernardwright]

To everyone who has started or is thinking of starting their own business: Believe in yourself and never give up. If you can work 8 hours for someone else. You can work 2 hours for yourself.

[levenslevens]

Hi, if a irrevocable living trust owns a company, the living trust(shareholder) is not liable for any wrongs of the company. Likewise, the same would be for a revocable trust, cause the share holder of a company has that limited liability. However, If the trust is a revocable living trust, then yes, you who created the trust and you who can make changes to the trust, can be held liable, if only you are sued in your personal name, then all assets in the revocable trust is up for grabs, cause you never really fully relinquished the assets in your name to the trust. So the Trusts assets, including the company owned by the revocable trust is up for grabs. Remedy would be let your llc be owned by an irrevocable trust. There are more to this, like using holding companies etc, it all comes down to us business owners and investors to get the proper knowledge, some from youtube, Google and finally at the end straight from real Attorneys and accountant, save up some cash to pay for the financial advice. And remember it's never too late. If your structure is a bit wrongly set up, again safe up or go borrow some cash to set it up right. God bless.

[LovelessRanch]

This is one of my favorite guys to watch on YouTube, he’s no bullshit and straight to the point and facts.
Don’t give a cocaine addict money 😂

[axelgonzalez]

Thanks you answered my biggest question…

[Dr_Dude]

Hey BG, thanks a lot for this video! yet again learned a lot and now i know the difference.... so that I don't bother Ed too much when I start using trusts lol.

My Wyoming LLC with you guys is ready, received my documents few days ago. Thanks! Will be doing more business with you and make some structuring too (in proper timing of course).

[johnq]

😭 but thank you for this video you protected me from a disaster thinking I got it all sorted out

[markhazzard]

I like this channel so much I could be called a "groupie". Bless you BG. We are going to meet face to face in a few months. :)))

[TheFirstIndigoAlchemist]

You can form what's called an irrevocable complex trust called
FBO c1A =untaxable. [DONOT
REGISTER IT WITH THE STATE IT IS PRIVATE!] only for your
EIN# .It is bulletproof in probate.
And the judge will know the courts holds no power Also form the LLC in Delaware and because it is private but also when forming the LLC use the trust as the owner of the LLC. Now put that LLC into the trust and you know have Private protected assets. Start creating your trust bank accounts now your good

[parliamentpictures]

Is it better to have the Trust own the holdings company that owns the LLC?

[victorshell]

when they say I got a guy I say I got the Business Guy!

[kianakettenring]

very informative, thank you! So is it safe to say that having your business in an irrevocable trust fund a safe bet as well? Maybe not the best option, but it's safe right?

[ioanniskalou]

What about putting an LLC as a subsidiary of another LLC in another state like Wyoming LLC to South Dakota LLC for example. You are very helpful. Thanks

[MikeyDunksMusic]

I heard that the best way to structure is to create a living trust that owns a SCorp that own the LLCs that own the rap estate and businesses. Is that the best way?

[halfpricehomes]

What if the beneficiary of the trust was a Wyoming llc. Wouldn’t the charging order of the Wyoming company protect you from what you’re describing in your video?

[jamesgilson]

What if you add a holding company/second LLC between the Trust and the original LLC?

[diamondnova]

What about putting an scorp or c corp into a trust?

[michaelounanian]

What I'd you have a S corp, does the same advice apply? Thank you so much❤

[greatsouthmarketing]

When you say inside a trust, do you mean the trust is the member/owner of the llc or do you mean adding your membership interest to your living trust as an inherited asset? I currently have the membership interest on the schedule. Why are judges able to get involved in my estate planning?

[FireyCam]

If I have a Trust that owns an LLC (manager) ... what is the reason not to tell the bank that the LLC is owned by a trust?

[chlito]

Thanks for the video, great information. Will be the same if put the LLC inside a Land Trust?