Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

What Can You Do If Someone Is Looking to Sue Your Business? #shorts

27 Jun 2024 · 1 min

Watch on YouTube

0:33

If you're worried about a lawsuit, set up a Wyoming LLC before trouble starts. Courts will recognize it as legitimate protection. Just don't lie about owning it in court.

Chapters

Well, if someone's looking to sue you, they're going to search the internet and see where your name appears. To the extent that you can keep your name off the internet, all the better. Now, if you are sued, you've got to go into court and tell the truth that you own a Wyoming LLC. So we're not trying to encourage people to, you know, commit perjury, but you want to have that structure in place because the courts will recognize that you set up the entity before there was a lawsuit and you are entitled to protection.