Mark Kohler warns that listing your personal name and home address on multiple LLCs lets people connect the entities and find your properties and residence. Use a registered agent service instead to keep your information private and protect your assets.
Let's say you own 2 or 3 LLCs for multiple rental properties and you're listing your name and address on every one of them. Now someone can start to connect those dots. They can identify those entities and connect them all together with you. Now they're able to maybe find all of those properties, find where you live. They can see the patterns that you never intended to be public. That's not smart. A professional registered agent service, doing your company maintenance as well, help reduce that exposure. And if we're lucky enough to be with you at the beginning, we can structure it properly, or maybe we have to do a cleanup, but the lawyers are there to help organize it, to create more privacy and protection right from the get-go and answer a lot of your questions and avoid those rookie mistakes.
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
