The True Story of How A Single Member LLC Fought Off A Lawsuit

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We're diving into a groundbreaking Nevada Supreme Court case that challenges common beliefs about the effectiveness of single-member LLCs for asset protection.
Read more about the Ene v. Graham case: law.justia.com/cases/nevada/s...
If you think single-member LLCs can't protect your assets, this video will change your perspective.
Gain a deeper understanding of how single-member LLCs can still provide asset protection if managed correctly.
Watch my video about Single Member LLCs: • How To Use A Single Me...
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Show Notes:
0:00 Single Member LLC
2:09 Filing a Lawsuit
5:14 Never Reveal Ownership
8:07 Final Notes
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ABOUT CLINT COONS
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.
#singlememberllc #llc #assetprotection

[@ClintCoons]

Do you want to learn more about this topic? Register for a free consultation today! aba.link/n7g

[@frankmartinez2987]

Excellent as always! If someone is skeptical about the need for a thoroughly drafted operating agreement because they think they’ll never be sued, do you have a video which provides an overwhelmingly convincing argument to the contrary? Thanks in advance!

[@ClintCoons]

Here are a few videos: ruclips.net/video/xU6VwLLL4WE/видео.html
ruclips.net/video/eC_WcvEt7ik/видео.html
ruclips.net/video/zA-jbmGLDt4/видео.html

[@waynecmontgomery]

Clint these are very limited favorable rulings and one should NOT take this advise as serious but it is good entertainment. There are some pretty high profile people that have paid the price for single-member LLCs namely a former president, a former mayor and etc. Single-member LLCs are very risky at best and you should NOT be encouraging that type of formation.

[@Teolulz]

so what do you recommend

[@waynecmontgomery]

@@Teolulz I would recommend setting up a UK limited company to own and operate the LLC. You have to make it difficult for the plaintiff to serve and sue you. That requires layers of protection.