Shalom fam Can you help me set up the partnership (c corp brokerage account combo with tax returns) and hide it; I have a brokerage account I just started August 2022
Toby: very good info, I recently got started with your firm. I need to get the LLC done as a search around. A lot of them are very cheap. Mr. Bob Gamino
How do the new FINCEN rules requiring the disclosure of the beneficial owners of LLCs and corporations which are not already public record, or which are not publicly tradable securities effect the use of anonymous Wyoming LLCs? I mean the penalties for failure to file the FINCEN forms look substantial.
Thank you for this information. Toby, will you please make a video that explains how to protect bank savings funds etc. from creditors in pursuant of medical expenses? or is this even possible? Thanks again for your thorough presentation video on protecting one's assets and real property. I am a fan!
The real Old timers always keep cash in their possession.. (i wouldn't use a safe lol) ive heard buy cashier's checks (or travelers checks maybe) but i heard they expire after like 6mo.. so I'm not sure that is easier.
Hi Toby Thanks for this information. My question is with the Wyoming LLC, if there is a lien on it does that block ones ability to move money in or out of it ?
In c Corp everything person take out they have to pay unemployment And other taxes so leak loss; when pt I. LlC how does the money come out as dividends. Return of capital or what and any leaks losses? Thanks so much! We appreciate your generosity!
👏🏾👏🏾👏🏾 *Great content. Does this work with the purchase of crypto as well? Meaning use a WY LLC/personal property trust to purchase or exchange crypto through an exchange.* 🤔
Good one! Awareness is key, you hear about lottery winners losing their money, getting sued and not managing their money properly. This is good to know
Do the rules change for things like IRA’s and 401k’s? From my understanding, the beneficiary elements prevent it from probate, so dropping those in a trust is unnecessary, but are retirement accounts better shielded than a standard brokerage account?
Depends on Federal and state law. 401k accounts, other than solo, are exempted from seizure by ERISA. In FL IRAs are protected. In several states traditional IRAs are protected from creditors but Roth IRAs are not. Very weird.
Hi John! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream on February 25th. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
If my brokerage is under our living trust and I want to name a Wyoming LLC as the beneficiary are you saying that the LLC should also be the grantor on the living trust or is it ok to just open the LLC and list it as the beneficiary to the existing living trust?
Hi Toby…… If I were to move a brokerage account in to a Wyoming LLC and then later need to move in to a nursing home or low income federal housing would the WY LLC still remain hidden? Could the brokerage account be drained on a state or county level before Medicare kicking in? Thanks…..
Suggested Video Topic - If any of us were lucky enough to win the Lottery and received one of these billion-dollar payouts how would you approach accepting the funds and protecting them and your name?
Is there any video on hiding a car, and does the government always have access to personal property or is this method only to hide from other lawyers thanks
hi Toby, very helpful video. Thank you so much. If the Wyoming LLC holding the brokerage account is a single member LLC that is disregarded for tax purposes, don't you have to open the brokerage account for the LLC with your SSN instead of the LLC EIN ? That seems to be the case with Schwab. In that case, does an asset search on your name show the LLC's brokerage account open with your SSN ?
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Hello, we have five physical offices located in Nevada, Wyoming, and Washington and we operate virtually in all 50 states. andersonadvisors.com/locations/
Great information, Toby. I have a few questions. Do you need to be a resident of Wyoming to create a business entity in that state, or you just need to have a registered agent. Since Wyoming does not have income tax, you will have to disclose the value of the assets in the business to pay Wyoming's annual business registration fee. Also, when filling your personal income tax return (1040) and there's income or gains/loss flow through from your federal returns some states require an attachments of those federal returns, thereby removing the veil of anonymity.
That's a great question. For a more personalized answer, I suggest scheduling a free 45-minute consultation with my team. We’ll provide advice tailored to your specific situation. Visit: aba.link/16d826
Thanks Toby, very useful information as usual in your videos. If the stocks/bonds inside the LLC generate income (interest or dividends), do the member pays self employment tax on that?
What happens if I already opened up a brokerage account in my name and now I wanna hire you to put it in a wyoming LLC? will Schwab try to charge me for data?
I watched a video from Anderson Advisors where a comment was made that you could put your assets on a billboard outside of the courthouse where you're defending yourself in a divorce case and your ex-spouse still could not get to your assets. Then I had an initial consult with Corey Posgay, Anderson Advisors, last November and he firmly stated you cannot protect your assets from an ex spouse. So for clarification, does a Wyoming LLC protect you in a divorce? If so, then why be required the ridiculous expectation of revealing all of your assets to a future spouse with a prenup if they are truly protected with a Wyoming LLC?
Context and nuance are important as your questions may be conflating family law and business law. In a pre-nup, the Wyoming LLC could help identify property owned prior to the marriage, and also identify separate property vs marital property. If while you are married, and the married couple sets up a Wyoming LLC and/or marital assets are transferred to the Wyoming LLC, a family law judge may take those assets into consideration for distribution.
Hi Toby, Thank you for the amazing information. Question: If we open a grantor trust with the beneficiary as the wyoming llc, would the annonymonity be removed considering we would need to supply the brokerage our SS #'s to open the living trust?
We recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session: aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
You only need to register the WY LLC if it is doing business of some sort in the state where you live. If it only owns other LLCs with property in that state, then you usually do not have to foreign file or register the WY LLC.
@@TobyMathis I think for CA Residents thats always the case. In that case does WY LLC still provides any anonymity, since you have to foreign file it in CA anyways?
Toby, I know this vid is now 7 mos old from 2022 but what about in WY/everywhere now where the new Corporate Transparency Act (CTA) law that kicked in on 1.1.23 where you can no longer be anonymous in any state on any LLC now?
@@headlibrarian1996 I'm not sure if I'm conflating anything but I'm speaking of the new federal Corporate Transparency Act (CTA) law that began on 1.1.23 making it irrelevant what state you file in.
Hello, great video! Quick question, can a foreigner who doesn’t live in the US have a US LLC to open an account with a US broker, such as as Charles Schwab, Fidelity, or Interactive Brokers? And if so is that something you could help me with? I’m currently living in Europe but want to go to leave and retire in Mexico this year. Thanks in advance 🙏
Interactive Brokers is quite flexible. I live in a "high-risk" jurisdiction and still got an account with about 2 weeks back and forth. If you can prove your money's clean, you're good.
So if I heard you right, if you have your brokerage account named as your revocable trust. Then you create the WY LLC and list that WY LLC as the Trust Brokerage account's beneficiary and that hides the brokerage account? And if so, does it protect it from nursing home costs?
Great question! If you're interested in exploring the details of setting up your brokerage account under your revocable trust and the potential protective benefits, we recommend scheduling a free strategy session. Visit: aba.link/16d826
Hey Toby. What is the difference between a Cook Island trust and a Nevada asset protection trust? I was under the assumption that if assets were on US soil, they were always subject to judgements and ruling by any US court. Under extreme circumstances,an individual could forego forfeiting the assets to the pursuing party but you could be placed in jail on contempt for not complying with the ruling from the judge because the assets were still being held in a US bank account. Is this wrong and does the Nevada trust offer the same protections as a cook island trust? Thanks!
Always put the safe in a room where most people wouldn't go into. Also bolt it down. Use a heavy safe. Carry able safes are worthless and attract attention that there might be a bigger safe as well.
Hi, I would recommend that schedule a virtual consultation with my team here: aba.link/16d826 Also, keep an eye out for live events that we host. aba.link/5a8cd0
When you say put a brokerage account into a personal trust with the beneficiary to be your/my LLC, what is the purpose of the trust? What’s the difference if you just opened the brokerage in the LLC. Setting up trusts costa money, so what’s the reason? Your/my wyoming LLC could be anonymous too.
Great question, in order to assist you further, I highly recommend you attend our Free Tax & Asset Protection Workshop where our attorneys and specialists will answer all your questions live at the virtual event. aba.link/taptoby
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/16d826
How does someone protect an exotic cars collection, besides transferring the titles to another person/family member? Also, I've been calling insurance companies to see if they have asset protection insurance, that will protect a car collection from creditors and judgements (not related to car accidents), I'm not having too much luck. Do you know of any such insurance? Thanks!
How does the 2021 Corporate Transparency Act, enacted in 2024 change this information in the video given the requirement to disclose ‘U.S. Beneficial Ownership Information’ ?
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Isn’t tax reporting for the PPT-owned brokerage account erroneously going to you since it’s a personal account attached to your SSN? That’s a problem if your LLC has elected to be taxed as a corporation (S or C), since you want your trading profits reported as corporate income. Changing the tax id of record may not be possible. How exactly does a contribution of capital (personal brokerage account) work in this case? Ideally you’d want to transfer assets without liquidating.
So, just to make sure I understand. 1) No one can tell what you already have in your brokerage, because it's not public. BUT if someone were to attempt to sue you, they'd see it in discovery? 2) What about during the settlement stage, where you all are negotiating a settlement without going to court, would they be able to see it then? (assuming it's not hidden/protected in an llc). I'm just trying to understand what extra benefit you'd get out of putting it in an llc compared to what you already get.
If you get sued there is a huge chance that you must disclose all of your assets under your control. Some of them don’t even have to be yours, but if you control them, the chances are you must disclose them.
Do you have to disclose what the LLC owns? They aren’t technically your assets even if you’re the only member of the LLC. I’m pretty sure you don’t have to give any kind of value for your LLC interest if you’ve never had it appraised, and private company interests always sell at huge discounts to a company’s real value.
@@headlibrarian1996 LLC(s) are relatively newer legal entities compared to corporations and there is significantly less case law with respect to them. I can only say that corporate veils have been pierced many times for various reasons. If someone gets sued there will be a “process of discovery” which encompasses oral depositions and written discovery in form of interrogatories, etc. Any reasonable lawyer will ask whether the defendant owns any interest in any foreign or domestic business entities or if he/she has control over any of those entities. If defendant provides a false response there may be all kinds of consequences. Attorneys look at many different sources where defendant lives, who pays the rent, taxes or mortgage for properties, where does the income come from and draw appropriate conclusions. Unless someone has no contact with the property/business, it is usually easy to establish the connection. The court may also order to transfer defendant’s interest in LLC or corporation to the plaintiff if defendant loses the lawsuit. It’s difficult to speak in general terms, each case is different. It also depends on the jurisdiction, court and less on who the defendant is. It can be a political thing, even though, nobody wants to admit that. Look what happened to the Trump’s company.
@@shauna996 You never know if someone has money or not until you conduct a "discovery." Many times one's lifestyle gives you a hint if there is a possibility that someone has money.
Great question, in order to assist you further, I highly recommend you attend our Free Tax & Asset Protection Workshop where our attorneys and specialists will answer all your questions live at the virtual event. aba.link/taptoby
I have a brokerage account in my name and I have my daughters as beneficiaries. I was told by my lawyer that the account will not go through probate. My broker says the same thing.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Hi great video I subscribe to your channel… question if open wy s-scorp can I put Florida llc and trust under my wy scorp and put myself as manager to sign documents..would I be still anonymous..thank you in advance
I appreciate your support and trust in my channel. Thank you for your question! I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/16d826
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Shalom fam
Can you help me set up the partnership (c corp brokerage account combo with tax returns) and hide it;
I have a brokerage account I just started August 2022
Toby: very good info, I recently got started with your firm. I need to get the LLC done as a search around. A lot of them are very cheap. Mr. Bob Gamino
Kkkkkkkkkkuup
Today I have profit $20,000 usd, two have ticket is VOO + VYM. only chance in life.🎉🎉🎉🎉🎉🎉🎉🎉
How do the new FINCEN rules requiring the disclosure of the beneficial owners of LLCs and corporations which are not already public record, or which are not publicly tradable securities effect the use of anonymous Wyoming LLCs? I mean the penalties for failure to file the FINCEN forms look substantial.
I heard FINCEN is not public record
Unfortunately, you have to disclose to FinCEN, but that's supposed to be a private think - not tied to anything public.
This was amazing information, Toby!
Thank you for sharing it with us for FREE!
great video. this is advice that a person would usually have to pay for. thanks for taking the time to make and post this.
Thanks for watching!
Thank you for this information. Toby, will you please make a video that explains how to protect bank savings funds etc. from creditors in pursuant of medical expenses? or is this even possible? Thanks again for your thorough presentation video on protecting one's assets and real property. I am a fan!
We will be happy to take your suggestion into consideration.
The real Old timers always keep cash in their possession.. (i wouldn't use a safe lol) ive heard buy cashier's checks (or travelers checks maybe) but i heard they expire after like 6mo.. so I'm not sure that is easier.
Can you move assets from an existing account to an LLC without incurring taxes?
Hi Toby Thanks for this information. My question is with the Wyoming LLC, if there is a lien on it does that block ones ability to
move money in or out of it ?
How difficult is this to do at Fidelity or Vanguard
What about using a Revocable Trust with Wyoming LLC being the Trustee and Beneficiary like you do the Real Estate?
Husband is allergic to cats so I can’t have them. Seeing your cats was like a getting a potent drug hit. Thanks so much.
In c Corp everything person take out they have to pay unemployment
And other taxes so leak loss; when pt I. LlC how does the money come out as dividends. Return of capital or what and any leaks losses? Thanks so much! We appreciate your generosity!
Aside from brokerage accounts, does this also include things such as crypto exchange accounts?
Toby, Thank you very much for contributing to our education!
👏🏾👏🏾👏🏾 *Great content. Does this work with the purchase of crypto as well? Meaning use a WY LLC/personal property trust to purchase or exchange crypto through an exchange.* 🤔
Good one! Awareness is key, you hear about lottery winners losing their money, getting sued and not managing their money properly. This is good to know
How do you set up an author business inside a publishing LLC but no trace back even on DBA? Need it all under pen names. No trace back, at all
Do the rules change for things like IRA’s and 401k’s? From my understanding, the beneficiary elements prevent it from probate, so dropping those in a trust is unnecessary, but are retirement accounts better shielded than a standard brokerage account?
Depends on Federal and state law. 401k accounts, other than solo, are exempted from seizure by ERISA. In FL IRAs are protected. In several states traditional IRAs are protected from creditors but Roth IRAs are not. Very weird.
just wonderful....always good stuff my man. Just great
Very interesting topic, thank you for sharing this information!
Glad you enjoyed it! Please be sure to watch us again in the future!
Any shows on keeping taxes low in retirement.? I recently discovered you. Also what kind of trust gives protection if I need a nursing home.
Hi John! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream on February 25th. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Convert all traditional saving plans to Roth.
If my brokerage is under our living trust and I want to name a Wyoming LLC as the beneficiary are you saying that the LLC should also be the grantor on the living trust or is it ok to just open the LLC and list it as the beneficiary to the existing living trust?
I think you need professional advice
Great information! If your business is not real estate, would it be worth/possible to put the llc in Wyoming? Thank you for your reply.
If I file annual reports for my WY LLC is my name visible if investigated? My name is not on the original formation of the LLC
I really appreciate this information!!!
I have some capital losses I would like to write off against profits . Would set this up after I claim my losses .
Hi Toby…… If I were to move a brokerage account in to a Wyoming LLC and then later need to move in to a nursing home or low income federal housing would the WY LLC still remain hidden? Could the brokerage account be drained on a state or county level before Medicare kicking in?
Thanks…..
Suggested Video Topic - If any of us were lucky enough to win the Lottery and received one of these billion-dollar payouts how would you approach accepting the funds and protecting them and your name?
Good idea, we will take it into consideration!
Is there any video on hiding a car, and does the government always have access to personal property or is this method only to hide from other lawyers thanks
Mr. Mathis, I've viewed several of your videos, and I loved them. I have subscribed.
Welcome! I hope you are able to get more information out of these videos. Let us know how we may be able to help you in the future!
Wonderful videos. Just subscribed.
So, is my trading account which I will put into the Wyoming LLC in my name? Thanks for the great videos!
hi Toby, very helpful video. Thank you so much. If the Wyoming LLC holding the brokerage account is a single member LLC that is disregarded for tax purposes, don't you have to open the brokerage account for the LLC with your SSN instead of the LLC EIN ? That seems to be the case with Schwab. In that case, does an asset search on your name show the LLC's brokerage account open with your SSN ?
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Single member LLCs are a red flag for the IRS...there are better ways to do this...
is the personal property trust the same as a Living Trust?
Can you pull money out of the brokerage account?
Can this be done for a brokerage account that is already established???
Yes
Doing a video about off shore asset protection trusts would be helpful
Toby, you constantly blow my mind. Another GREAT video. Where is your office in Florida? 👍👍👍👍👍
Hello, we have five physical offices located in Nevada, Wyoming, and Washington and we operate virtually in all 50 states. andersonadvisors.com/locations/
Great information, Toby. I have a few questions.
Do you need to be a resident of Wyoming to create a business entity in that state, or you just need to have a registered agent.
Since Wyoming does not have income tax, you will have to disclose the value of the assets in the business to pay Wyoming's annual business registration fee.
Also, when filling your personal income tax return (1040) and there's income or gains/loss flow through from your federal returns some states require an attachments of those federal returns, thereby removing the veil of anonymity.
That's a great question. For a more personalized answer, I suggest scheduling a free 45-minute consultation with my team. We’ll provide advice tailored to your specific situation. Visit: aba.link/16d826
Question why can't you have a credit card in a trust acct?.
Excellent video! Thank you for the insights! Do you offer consultation for setting this up?
We do. Reach out to my team to get started with a free consultation. Visit: aba.link/16d826
Thanks for this video. Does this work in New Jersey?
Yes the strategies discussed in this video work across all of the states.
Thanks Toby, very useful information as usual in your videos. If the stocks/bonds inside the LLC generate income (interest or dividends), do the member pays self employment tax on that?
Not a CPA, but any interest or dividend income is taxed as portfolio income, not earned income.
What happens if I already opened up a brokerage account in my name and now I wanna hire you to put it in a wyoming LLC? will Schwab try to charge me for data?
What type of LLC are you referring to in this? C , S corp?
LLC is the structure, S/C is a designation for the IRS
You will be listed as the authorized party on the account. How do you get around it.
Do you work with Canadian clients?
While we do work with Canadian clients there aren't as many options due to the cross-border nature of the investing.
I watched a video from Anderson Advisors where a comment was made that you could put your assets on a billboard outside of the courthouse where you're defending yourself in a divorce case and your ex-spouse still could not get to your assets.
Then I had an initial consult with Corey Posgay, Anderson Advisors, last November and he firmly stated you cannot protect your assets from an ex spouse.
So for clarification, does a Wyoming LLC protect you in a divorce?
If so, then why be required the ridiculous expectation of revealing all of your assets to a future spouse with a prenup if they are truly protected with a Wyoming LLC?
Context and nuance are important as your questions may be conflating family law and business law.
In a pre-nup, the Wyoming LLC could help identify property owned prior to the marriage, and also identify separate property vs marital property.
If while you are married, and the married couple sets up a Wyoming LLC and/or marital assets are transferred to the Wyoming LLC, a family law judge may take those assets into consideration for distribution.
I thought designating a beneficiary on the brokerage account kept it out of probate.
It does.
What about convert to BTC in cold storage? technically, it's also an invisible "safe"
Hi Toby, Thank you for the amazing information. Question: If we open a grantor trust with the beneficiary as the wyoming llc, would the annonymonity be removed considering we would need to supply the brokerage our SS #'s to open the living trust?
We recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session: aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
Will this protect from medical bill collections?
Can you switch from one set up to this set up if you started as indviidual ? So you need and LLC for this? Do you need a biz LLC or in your name
how about IRA? can you create a living trust account for roll over IRA?
For those who don't live in WY do we still to register the llc in our state as foreign entity?
You only need to register the WY LLC if it is doing business of some sort in the state where you live. If it only owns other LLCs with property in that state, then you usually do not have to foreign file or register the WY LLC.
@@TobyMathis I think for CA Residents thats always the case. In that case does WY LLC still provides any anonymity, since you have to foreign file it in CA anyways?
Why would a CA judge hesitate to order foreclosure on a WY LLC interest, especially a single-member one, when the litigants and venue are in CA?
Toby, I know this vid is now 7 mos old from 2022 but what about in WY/everywhere now where the new Corporate Transparency Act (CTA) law that kicked in on 1.1.23 where you can no longer be anonymous in any state on any LLC now?
Are you conflating Federal with state law?
@@headlibrarian1996 I'm not sure if I'm conflating anything but I'm speaking of the new federal Corporate Transparency Act (CTA) law that began on 1.1.23 making it irrelevant what state you file in.
Hello, great video!
Quick question, can a foreigner who doesn’t live in the US have a US LLC to open an account with a US broker, such as as Charles Schwab, Fidelity, or Interactive Brokers? And if so is that something you could help me with?
I’m currently living in Europe but want to go to leave and retire in Mexico this year.
Thanks in advance 🙏
Interactive Brokers is quite flexible. I live in a "high-risk" jurisdiction and still got an account with about 2 weeks back and forth. If you can prove your money's clean, you're good.
Do you have a anonymous LLC? How can you open a brokerage account with a anonymous LLC?
@@AIRfree
I’m working on it as we speak, and yes brokers will open accounts for an LLC, no taxes in the US
What about tax consequences for LLC?
And to transfer my account (stocks) i have in schwab in las vegas,nv to LLC in Wyoming ? Thank you
What about a Pennsylvania LLC? Can lawsuits access membership interest?
How to pay the tax, for the investment in LLC account
excellent video Toby, very clearly explained.
So if I heard you right, if you have your brokerage account named as your revocable trust. Then you create the WY LLC and list that WY LLC as the Trust Brokerage account's beneficiary and that hides the brokerage account? And if so, does it protect it from nursing home costs?
Great question! If you're interested in exploring the details of setting up your brokerage account under your revocable trust and the potential protective benefits, we recommend scheduling a free strategy session. Visit: aba.link/16d826
Thank you for that wonderful lecture.
Glad you enjoyed it! Thank you for watching us!
What if somebody owns investment farmland how do you hide that.
Hey Toby. What is the difference between a Cook Island trust and a Nevada asset protection trust?
I was under the assumption that if assets were on US soil, they were always subject to judgements and ruling by any US court. Under extreme circumstances,an individual could forego forfeiting the assets to the pursuing party but you could be placed in jail on contempt for not complying with the ruling from the judge because the assets were still being held in a US bank account.
Is this wrong and does the Nevada trust offer the same protections as a cook island trust? Thanks!
are you saying there are people who can find out how much is in my IRA account?
Always put the safe in a room where most people wouldn't go into. Also bolt it down. Use a heavy safe. Carry able safes are worthless and attract attention that there might be a bigger safe as well.
You can always build a book shelf around it and make it look like part of the building. They cant break in what they cant see.
Liked and Subscribed. Awesome videos.
Awesome, thank you for subscribing!
Volume is low.
Why can it be in a trust ?
Toby, do you have an office that we can schedule to meet in person for one on one consultant?
Hi, I would recommend that schedule a virtual consultation with my team here: aba.link/16d826
Also, keep an eye out for live events that we host. aba.link/5a8cd0
When you say put a brokerage account into a personal trust with the beneficiary to be your/my LLC, what is the purpose of the trust? What’s the difference if you just opened the brokerage in the LLC. Setting up trusts costa money, so what’s the reason? Your/my wyoming LLC could be anonymous too.
Great question, in order to assist you further, I highly recommend you attend our Free Tax & Asset Protection Workshop where our attorneys and specialists will answer all your questions live at the virtual event. aba.link/taptoby
Excellent explanation!
Can you really rollover HSA to Roth after age 65?
So, from a tax perspective, the LLC does a separate tax return instead of the typical Schedule C?
Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/16d826
you got my LIKE for the cats :))))) no, I really like the idea
You like the cat idea?
0:49 kittens! Yay! 😂
How does someone protect an exotic cars collection, besides transferring the titles to another person/family member? Also, I've been calling insurance companies to see if they have asset protection insurance, that will protect a car collection from creditors and judgements (not related to car accidents), I'm not having too much luck. Do you know of any such insurance? Thanks!
Can someone else take membership of your Anónimo LLC?
How does the 2021 Corporate Transparency Act, enacted in 2024 change this information in the video given the requirement to disclose ‘U.S. Beneficial Ownership Information’ ?
Great just what I want to do Thank You Sr
Can you help us implement this asset protection? We are in Ohio.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Isn’t tax reporting for the PPT-owned brokerage account erroneously going to you since it’s a personal account attached to your SSN? That’s a problem if your LLC has elected to be taxed as a corporation (S or C), since you want your trading profits reported as corporate income. Changing the tax id of record may not be possible.
How exactly does a contribution of capital (personal brokerage account) work in this case? Ideally you’d want to transfer assets without liquidating.
So, just to make sure I understand.
1) No one can tell what you already have in your brokerage, because it's not public. BUT if someone were to attempt to sue you, they'd see it in discovery?
2) What about during the settlement stage, where you all are negotiating a settlement without going to court, would they be able to see it then? (assuming it's not hidden/protected in an llc).
I'm just trying to understand what extra benefit you'd get out of putting it in an llc compared to what you already get.
Thanks for the great info Toby.
I created an S-corp in NY. during the lockdown.
How can I get my name and info removed from the articles of incorporation?
I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/16d826
But , do I need to pay Wy llc ?
If you get sued there is a huge chance that you must disclose all of your assets under your control. Some of them don’t even have to be yours, but if you control them, the chances are you must disclose them.
Do you have to disclose what the LLC owns? They aren’t technically your assets even if you’re the only member of the LLC. I’m pretty sure you don’t have to give any kind of value for your LLC interest if you’ve never had it appraised, and private company interests always sell at huge discounts to a company’s real value.
@@headlibrarian1996 LLC(s) are relatively newer legal entities compared to corporations and there is significantly less case law with respect to them. I can only say that corporate veils have been pierced many times for various reasons. If someone gets sued there will be a “process of discovery” which encompasses oral depositions and written discovery in form of interrogatories, etc. Any reasonable lawyer will ask whether the defendant owns any interest in any foreign or domestic business entities or if he/she has control over any of those entities. If defendant provides a false response there may be all kinds of consequences. Attorneys look at many different sources where defendant lives, who pays the rent, taxes or mortgage for properties, where does the income come from and draw appropriate conclusions. Unless someone has no contact with the property/business, it is usually easy to establish the connection. The court may also order to transfer defendant’s interest in LLC or corporation to the plaintiff if defendant loses the lawsuit. It’s difficult to speak in general terms, each case is different. It also depends on the jurisdiction, court and less on who the defendant is. It can be a political thing, even though, nobody wants to admit that. Look what happened to the Trump’s company.
If you are sued and the other party wins. Why would their lawyer sue you if they don’t see a lot of money?
@@shauna996 You never know if someone has money or not until you conduct a "discovery." Many times one's lifestyle gives you a hint if there is a possibility that someone has money.
Well, I guess for futures traders using prop companies accounts, they have no legal connection to these accounts
Thank you
Thank you for watching!
So you dont need to live in the state to operate an LLC?
Great question, in order to assist you further, I highly recommend you attend our Free Tax & Asset Protection Workshop where our attorneys and specialists will answer all your questions live at the virtual event. aba.link/taptoby
I would like to have an offshore entity to own the Wy LLC
I have a brokerage account in my name and I have my daughters as beneficiaries. I was told by my lawyer that the account will not go through probate. My broker says the same thing.
If you have a personal brokerage account, is it too late to initiate an LLC to protect what you have accumulated?
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Great info. Thank you
Thanks for watching!
Hi please do i need an accountant if i want to trade stocks as Wyoming LLC, (I'm not US citizen) I appreciate your help 🙏
Id like to know the dame thing ☺️
@@Jou2024 hello yes indeed you need a tax accountant to prepare and some forms
Hi great video I subscribe to your channel… question if open wy s-scorp can I put Florida llc and trust under my wy scorp and put myself as manager to sign documents..would I be still anonymous..thank you in advance
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Great Information, thanks
How much do you charge for taxes..how do we reach you
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thank you, this was great!
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