Mark Kohler explains why your LLC needs more than a single sheet of paper in a drawer. Set it up as manager-managed, keep proper meeting minutes, and maintain accurate ownership records. Solid infrastructure is what actually builds wealth.
doing your estate plan can be a great time to get better organized. Let's look at your LLCs. They should all be manager-managed. We might clean 'em up, get the right corporate book, do your minutes, get the right ownership done. And some of you're like, "Yeah, that one sheet of paper in the drawer probably needs to get looked at anyway." And so this estate planning process, it's really a good time to like look at your overall picture. And I'll just quote infamous Kevin Costner, If you build it, they will come. If you're trying to build wealth, you got to have some infrastructure. I always thought that line was total BS, you know. Well, it is a sci-fi movie. You knew it was sci-fi, right? I was pretty sure that was not, you know, it was fiction, right? Yeah.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
