Mark Kohler explains how a COPE, a holding company that owns your rental properties, home, crypto, and investments, creates a two-way shield against creditors. They can't reach you through it, and they can't get to your assets inside it. Most people only need this once they've built substantial wealth.
Chapters
I might set up an entity to own all the other things I have. Let's go to the trifecta, for example. So when we build that trifecta out, we might create a holding company. This would be a cope. And this holding company creates two way protection. Now, they can't get out of the entity and come towards me, and they can't get into the entity, and it owns everything else. It may own a lot of other assets and structures and investments and crypto and stock and who knows what. But this COPE is an extra entity of asset protection. That's next level. And we may not need that next entity until we're at a level of more assets. So, in summary, why are we doing all this? To protect the rental property, to protect our home, to protect getting our wages garnished, to protect all of the hard work we've been doing to build wealth.