In this episode, I interview Asset Protection Attorney Scott Smith from Royal Legal Solutions about Series LLC’s. I first learned of these by doing business with Paige Panzarello in the note investing space. One of the big reasons they became popular over the years is to help California residents avoid paying ridiculous taxes levied by the State of California.
We went on to discuss the differences between asset protection and anonymity and the benefits of having a blended approach to best protect your holdings from prying eyes. Scott also covered Land Trusts as Larry Harbolt teaches and shed light on other strategies that investors can use to best protect themselves from unfair lawsuits.