Hyre’s Horrifically Detailed Entities Workshop – John Hyre

Horrifyingly Detailed Entities
Class Online Tuesday, October 29th thru Thursday, December 12th 2024
With LOTS of Q&A

Eight 2-hour Zoom Calls (Recorded, though live attendance allows for Q&A) for Real Estate Investors AND Normie Entrepreneurs (e.g., Dentists, Online Stores, Plumbers, etc.)

Topics Include:
Non-Entity Asset Protection: Not getting sued, winning if you do, making sure insurance pays if needed, how good settlements occur. These topics are not covered often enough.
LLC, LP, LLP, S-Corporation, C-Corporation, Series LLC, Land Trust? We’ll discuss which one(s) fit(s) you for tax purposes (any asset protection is a bonus). In detail. Selecting the correct entity can save you millions in taxes. The wrong one…will cost.

We discuss “WHY” in detail. I want you to have answers AND to understand WHY a given entity or structure is correct for YOU. That way, you’ll know how to question & reason through others’ “advice” (e.g., NV & UT “asset protection gurus”)

Where to set up your entities? Nevada? Delaware? Wyoming? Home state?

Holding companies: What they are, what they do, what they don’t do, when they do or do not make sense. For example, holding companies should NOT also act as “management companies” or pay bills on behalf of other entities. We’ll discuss “why”.

Management companies – when they make sense and when they do not. These are WAY oversold by the Nevada/Utah crowd. They often create a lot of work and little benefit. Sometimes, they offer large, worthwhile benefits. We’ll address both scenarios.
Keeping it simple in the beginning…and when to start adding entities to your structure
How many entities? One per property? (Hint: Generally, not a good idea; we’ll, of course, discuss “why,” that is)

How to properly maintain an entity – 80%+ of small businesses fail at this key task and are ripe for “piercing the corporate veil”. We will take some serious time on this very overlooked issue.

We’ll compare Limited Liability Companies to No Liability Companies.

When C-Corporations make sense – and when they do not. Lots of myths out there.
Equity stripping…. when does it backfire? (and it does?)

Series LLC’s…not necessarily as advertised (shocking, I know)

Limited Partnerships are mostly just for Canadians nowadays – we’ll discuss why that is no joke (Sorry SouthPark and polite northern neighbors)

When do S-Corps work? What are they good for? Many of you are running them in a way that kills both the tax benefits and the asset protection

Rollover Business Start-Ups (ROBS) – my favorite tax tool, The One to Rule Them All (no Nazgul, I promise). Work for a C-Corp owned by your Roth 401k, take a salary (or not). Pay 21% tax, make the Roth 401k Huge. I have clients who shall save 8-figure sums using this tool.

Stop it with the “Inter Company Loans” and “Due to/Due from Accounts” – they will kill you for both tax and asset protection purposes. We’ll discuss the correct way to move money between entities.

Which entity for Rentals? Sub2’s? Airbnb’s? Flips? Lease Options? Lending? Buying notes at a discount? And “other”…

Offshore Entities …and yes, sometimes they do actually make sense. They also have limitations; we’ll cover those, too. As usual, lots of Q&A – Note: I am no longer available to hire, even at my prior $1,000/hour rate. What is essentially a “Rent-A-Family-Office” has hired me full-time for a much larger sum…after I helped save them very large amounts on taxes. Presently, the only way to ask me questions or have a discussion is via the two or three classes I present per year. I wish I had the bandwidth for more. I do not.