All About the Benjamins

"Send your bread on the surface of the water, for after many days you may find it. Give a portion to seven or even to eight, for you don't know what disaster may happen on earth."

- Ecclesiastes 11:1-2

When it comes to limited liability company (LLC), the advantage of having one does not exist if there isn't any legitimate business occuring. At the same time, this isn't a hard thing to accomplish, if you understand the full spectrum of what that entails.

Having an LLC doesn't require what is typical of what most people think of business; which is the selling of goods or services. You can actually have an LLC where you are investing your own money. It doesn't even require that you are actively doing so like a day trader. All of which, you can see these details in the link below.

https://rumble.com/v3rpv6s-rogue-trader.html

As mentioned in other videos; LLCs protects you assets from any form of litigation. There are unscrupulous lawyers and people, who are more than happy to take everything you own.

There are numerous cases of people who've faced legal action and lost everything they own. Trying to protect your assets after the fact, is too late to fix the ramifications.

https://rumble.com/v3k6txo-the-cell.html

It's always heart breaking to hear about a person getting into a car accident and then lose everything and their existence from that point on; pay that injured for the rest of their lives. In one case like this, a person committed suicide due to his situation.

Another example of questionable lawyers; a church's van driver; for their members to get rides to and from church; collided with a car. There were no injuries and minor damage to the vehicle but the church had to pay nearly a million dollars because the person hit, claimed after the accident, the individual was so traumatized they couldn't have initiate relationship with his wife.

Needless to say, protecting oneself from such activity, is important. The way in which to fully protect your assets; it's important to have a "high" and "low profile" LLC. A "high profile" LLC is one where you have a chance of being sued.

Those high profile LLCs, you want to compartmentalize them so you spread out the risk. Any business activities you under go, from a typical run business or small side ventures like Uber, Airbnb or selling material on eBay; they all have risk of a lawsuit. They are all "high profile."

A "low profile" LLC is one where there's very little chance of any legal action taken against it. Investing one's own money and leaving the LLC to only do that; is low profile. There's no one or a situation where that specific type of business will be sued. You're not selling anything, nor are you offering a service. It's very low profile.

That low profile LLC, you want to place every asset you have under there, since it will be the safest place to put it. The only exception of assets where you don't put under there, is motor vehicles and home because both can create a liability if someone is injured.

Since a person can have multiple LLCs, it's best to have separate LLCs for car and home since they can be targeted for legal action. If there isn't any businesses that you're running; the best thing to do is create multiple self investment LLCs and use them as your high profile LLCs. It's important to keep track of putting all your high profile assets separate from your low profile LLC.

Additional aspects to money can be found in the next link, in the description section:

https://rumble.com/v3nhnww-the-counterfeiters.html

To take full advantage of LLCs, you can find out more from the speaker in the video:

https://www.wholesaletomillion.com/

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