When You Should Create An Entity For Your New Business

When should YOU create an entity for your business?
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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[hreko]

Fantastic video; was loaded with all the information that i was wondering so much about, thank you very much you have no idea how grateful i feel right now for finding your video! God bless you and your family!

[jacobocelis]

delightful the way you cover all the possibilities by structuring LLC, S- Corps, C-corp etc. keep doing more videos touching the tax implications of every set up.

[jamesfraundorf]

Hi Clint, question for ya. If I set up a Deleware holding company and my real estate is in say Minnesota under a property specific llc as your videos suggest, said property llc has a bank associated with it. So when i go to set up my bank for my holding company, in order to open a bank account, they want a PHYSICAL ADDRESS for this holding company. My question is, does this address need to be in Deleware as well (most banks i have tried will not accept my registered agent address in DE) ? Or can i put down say my primary residence which is in Oregon and still have the same robust protection? I know that i CAN, but is doing so going to defeat the purpose of forming my holding company in DE in the first place?

[sunshinedancer]

I appreciate the info. What are some strategies for setting up something like a non-profit or religious/church type of entity if you're an individual? Thanks.

[Mel]

Hi, Do you have any videos on NAICS codes for Real Estate, preferably commercial?

[Jonathan_Bonilla]

How can I schedule a consultation with you or someone in your team?

[cancelaaatoday]

Ok so I want to 1. Import and sell bedding 2. move to/ live in FL 3. Have anonymity. Ok so would a Single Member managed Wyoming LLC work? World I have to register w/the state of FL or would everything rest w/a Wyoming LLC?

[MelaninMoreAgain]

Thanks for all the valuable info. I'm new to your channel, and to the concept of anonymity for business. This may be a silly question, but who DOES it make sense to reveal that I'm the owner of my future LLC to? Do I not tell contractors, vendors, other investors I meet while networking, etc that I'm the owner in order to not pierce the veil, and basically represent my business as an employee/officer only?

[m.j.mcintear]

Question? I was told as a disabled business owner I would be able to allow my parent to continue to carry me as s dependent and file my business expenses too. Is that true or was that just a answer to get me to agree? Thank you for sharing

[kirkb]

Love your channel and thanks for the info I just bought an investment property should I set up a regular llc

[jblack]

I'm curious if you could make a video on best entity for STRs? Preserving the ability to cost seg / depreciate and subsequently immediately use those losses to offset other income even for those who aren't REP status qualified.