Accredited Income Property Investment Specialist (aipis)

As you are building your real estate portfolio you need to make certain you are managing and protecting your assets to the best of your ability. Garrett Sutton joins Jason today to discuss the relatively new Benefit Corporation, also known as the B-corp. He also shares changes in state taxes and how they affect Single Member LLCs and Multiple Member LLCs. They touch on the best states to incorporate in and the benefits of a trust vs. a living trust. Garrett offers a special bonus to listeners of the show.   Key Takeaways: [2:59] The Benefit Corporation [8:06] An LLC carries a charging order protection for real estate asset protection [11:54] The protection of Single Member LLCs in Wyoming and Nevada is degrading [13:24] An irrevocable asset protection trust [16:04] A trust protects assets and is managed by trustees, but a living trust does not [19:47] Problems with the bureaucracy of California and changes in taxes [26:50] Registered agents should file paperwork promptly [28:17] Delaware has a strong body of