The problem with the "lease-back" arrangement is it triggers sales tax on the lease. I suppose you could make the lease for a low amount but then having the rates too far below market could give grounds to challenging the validity of the lease. I don't disagree with Mr. Presser; however the challenge is being able to financially justify the "expense" of creating and maintaining the arrangements discussed. His example of equity stripping for a club: it obviously makes sense if you are a multiple location owner or even a single location doing big numbers but that probably isn't the case for a small venue doing less than 1M a year in revenue. Giving up an additional 8.5% (sales tax in Central Florida) on the "lease" for every tangible asset to conduct business could be a lot of money. The real problem is the absolutely ridiculousness of our justice/civil court system.
Get an attorney on contingency! Right!!! This is very misleading. Go try getting an attorney in 20 minutes on contingency basis. You first must have a case. All asset protection companies LLC have different protection depending on the state. I'm in California which requires a minimum FTB tax of 800.00 on each LLC and require foreign entities to follow California LLC statutes
This is a Systematic Scam, to make you think you need protection, when in fact all you need to know is dont have nothing tagiable in you're name , keep mostly cash almost never intitutiionalize money , and lastly always buy something that you can sell fast.
I can only partly agree with this statement. Sometimes for example u win the lottery(rare occurrence) but it can happen. You can't have all that cash/stuff on you.
It took a old head from the VA Hospital 2 plant a seed in a younger vet, and thank you Sir for watering it, greatly! And watch I Will GROW!
The problem with the "lease-back" arrangement is it triggers sales tax on the lease. I suppose you could make the lease for a low amount but then having the rates too far below market could give grounds to challenging the validity of the lease. I don't disagree with Mr. Presser; however the challenge is being able to financially justify the "expense" of creating and maintaining the arrangements discussed. His example of equity stripping for a club: it obviously makes sense if you are a multiple location owner or even a single location doing big numbers but that probably isn't the case for a small venue doing less than 1M a year in revenue. Giving up an additional 8.5% (sales tax in Central Florida) on the "lease" for every tangible asset to conduct business could be a lot of money.
The real problem is the absolutely ridiculousness of our justice/civil court system.
Priceless information
Thanks for uploading the video. I learnt a lot and found the information useful.
Lots of valuable info here. Thank you sir
John D Rockefeller quote own nothing control everything
Thanks for the insight and information. Great presentation.
Best presentation I've heard so far🍎awesome 🥰🇺🇸🕉
"is the juice really worth the squeeze?" love that💥
Darn. If I lost a shoe that's was probably my favorite, it covered? Is it worth the premium and will that be canceled?
Wow! Excellent information.
Thanks a lot 🙂
The question is which will cost more a law suit or these multiple asset protection entities.
Great info!
If I have money in a offshore trust is it safe there or does the FATCA program still have access to the trust
Lucian 530 - Yes. You want to disclose to the IRS to protect it, not hide it. Americans pay taxes on worldwide income.
does this work in Australia?
good stuff
INDEPENDENT OF FEDERAL REPUBLIC OF BIAFRA 28/09/1982
Do you really expect most primates to listen to this very useful information?
I plead the "Fifth"
Ok Second!!!
Get an attorney on contingency! Right!!! This is very misleading. Go try getting an attorney in 20 minutes on contingency basis.
You first must have a case.
All asset protection companies LLC have different protection depending on the state.
I'm in California which requires a minimum FTB tax of 800.00 on each LLC and require foreign entities to follow California LLC statutes
22:50
Check the asset protection plan: lk108.isrefer.com/go/EhiggyKMAGB/EHiggyKMAGB/
well third .-.
This is a Systematic Scam, to make you think you need protection, when in fact all you need to know is dont have nothing tagiable in you're name , keep mostly cash almost never intitutiionalize money , and lastly always buy something that you can sell fast.
I can only partly agree with this statement. Sometimes for example u win the lottery(rare occurrence) but it can happen. You can't have all that cash/stuff on you.
chewy alba- you can keep the cash in a safety deposit box. Done.
That is a drug dealer mentality here.
Illegal to keep more than $10k in safe deposit box and banks now have to inventory what's in a box.