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EP153: Do You Need an LLC to Get Started

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Manage episode 499612063 series 2856057
Content provided by Rick Allen & Brett Burky, Rick Allen, and Brett Burky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rick Allen & Brett Burky, Rick Allen, and Brett Burky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Here are three actionable takeaways:

1. Assess Your Goals: Determine how serious you are about note investing. As a hobby, an LLC may not be necessary, but for long-term commitment, it's worth considering.

2. Evaluate Risk: Gauge your personal risk tolerance. Decide if you'd prefer the peace of mind that comes with protecting your personal assets through an LLC.

3. Seek Professional Guidance: Always consult with a professional, such as an attorney or tax advisor, for personalized advice.

Think of forming an LLC not just as a formality, but as an investment in your note investing future. It positions you professionally and shields personal liability while setting the stage for enduring success.

Follow Us On These Platforms:👇

  continue reading

152 episodes

Artwork
iconShare
 
Manage episode 499612063 series 2856057
Content provided by Rick Allen & Brett Burky, Rick Allen, and Brett Burky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rick Allen & Brett Burky, Rick Allen, and Brett Burky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Here are three actionable takeaways:

1. Assess Your Goals: Determine how serious you are about note investing. As a hobby, an LLC may not be necessary, but for long-term commitment, it's worth considering.

2. Evaluate Risk: Gauge your personal risk tolerance. Decide if you'd prefer the peace of mind that comes with protecting your personal assets through an LLC.

3. Seek Professional Guidance: Always consult with a professional, such as an attorney or tax advisor, for personalized advice.

Think of forming an LLC not just as a formality, but as an investment in your note investing future. It positions you professionally and shields personal liability while setting the stage for enduring success.

Follow Us On These Platforms:👇

  continue reading

152 episodes

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