Are you making the biggest mistake most business owners make with their LLCs?
Would you like to learn more about protecting your assets? Schedule a free consultation here 👉 https://aba.link/jjf
In this video, we dive into the hidden risks of the popular five bank account strategy and explain why it could be putting your business and personal assets in danger. Many entrepreneurs unknowingly expose their cash and property to lawsuits by mixing assets with their operating company or by leaving too much money inside their business accounts.
We walk through a real example of how this mistake played out for a business owner, then show you a safer approach using a Wyoming LLC, sometimes referred to as a “Banking LLC.” You’ll learn how to keep only what you need in your operating business, move excess cash into a secure structure, and even protect yourself further with loans and UCC filings. This simple shift can mean the difference between losing everything in a lawsuit and keeping your wealth safe.
Watch the full video here https://youtu.be/keGqmqeLy2w
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Show Notes:
0:00 Intro
3:08 – How to fix the 5-bank-account problem
5:26 – Using your banking LLC to fund your business with loans
8:30 – Final thoughts
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FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today to protect your business and personal assets from snoopy lawyers, creditors, or even greedy people out to make a quick buck who want to take advantage of YOU. 👉 Save Your Seat: https://aba.link/9vt
Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. 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.
#llc #bankaccounts
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