Posted by Michael Morrongiello on May 12, 2005 at 22:59:47:
The Bay Area Wealth Builders Assocation Monthly Meeting
BAWB Meeting Thursday May 19th, 2005
Where: Mill Valley, CA (the Mill Valley Community Center)
When: 7 Pm to about 10 Pm
Want more info: call # 707-996-6411 or visit; www.BAWB.info
Join us as Dyches Boddiford presents; “THE GRAND PLAN”
Entity structuring for asset protection and minimizing taxes is an area every investor and businessperson needs to understand. At our meeting Dyches will give those in attendance an overview of some of the advantages and disadvantages of “C” & “S” Corporations, Limited Liability Companies (LLCs), Partnerships and Land Trusts.
It is intended to give you an understanding of how these entities interact to benefit you and your real estate portfolio.
To provide both asset protection and to minimize taxes, you need to develop your own Grand Plan of entity structures. Properly structured, your Grand Plan will provide:
Asset Protection - You never know when someone will want what you have. Look at the many frivolous lawsuits in the news.
Privacy - If they don't know you have it, you’re less likely to be involved in a suit or someone trying to swindle you out of your assets.
Diversification - All your eggs aren't in one basket, a bad deal in one area won't wipe out everything you have worked so hard to build.
Simplification - Once you have a plan, you no longer have to make a decision on how to structure a deal, but only if you want to do it or not.
Tax Savings - Taxes easily account for wealth reduction of 1/3 or more. Structuring should consider this fact to maximize wealth accumulation.
Estate Planning - Proper structuring will build in an estate plan that can save your family hundreds of thousands in estate taxes and keep your estate private!