Part 1 - LLCs: Critical Knowledge For Real Estate Investors with Jonathan Feniak
Welcome back to The Passive Wealth Strategies for Busy Professionals. This episode is Part 1 of our Interview with Jonathan Feniak where we talk about LLCs and what they offer you as a Real Estate Investor.
Jonathan Feniak is an attorney and partner at Colorado Trust & LLC Attorney. In this position, he helps business owners at nearly every level and in nearly every industry with asset protection, estate planning, and business formation. Beyond business owners, Jonathan also helps activists of all political persuasions to legally protect themselves.
[00:01 – 04:14] Opening Segment
- An Insight into the episode
- Guest Introduction and background
[04:15 – 24:41] All About LLCs
- Upsides of LLCs for your real estate investments
- Isolating risks for your investments
- Privacy
- Filing an LLC in Florida
- Transferring an entity from one state to another
- Risk of management budget
- Piercing the corporate veil
- Treating your LLC as your alter ego
[24:42 – 25:29] Closing Segment
- Connect with our guest. See the links below.
- Watch out for Part 2!
Tweetable Quotes:
“You need to think about those things that could derail your plans as part of your process. You think about your cap rates, how to get tenants, or things that could go wrong and throw you off-course. A Limited Liability Company is a great way to isolate risks.” - Jonathan Feniak
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Connect with Jonathan on Linkedin. Check out their website at https://coloradollcattorney.com/
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