“Okay, here in Texas, we'll do a, a holding company that will own subsidiaries. Texas series LLCs are very popular here because it can save you money.”
Matthew Meredith · Level Up Claims · Your Business Is Only One Lawsuit Away from Losing Everything ft. Matthew Meredith - Episode 203
Play from 19:06
19:06
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What was described
set up a Texas holding company that owns subsidiaries using Texas series LLCs to segregate assets and create an operating company for rentals while keeping the assets in a separate asset holding company
Said nearby on the same subject
“The will can establish a trust, a testamentary trust, and it holds those assets for that beneficiary... income from assets... can qualify as accepted income for minors, taxed at normal adult rates”
“The asset it's 60% for both the asset reduction or accessible value for both the asset and the income test. And then the 60% is up until 80, age 84 minimum of if you've taken it out for five years and then 30% for life.”
“Purchase of the international assets of a big Russian oil company called Luke Oil… for a group of investors to come in and buy those billions of dollars in assets… the U.S. government would take a stake.”