Asset Protection (Episode 023)

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Welcome to the twenty third episode of the Cash Flow Academy! Today, Andy Tanner sits down with Garrett Sutton, an attorney at law who specializes in asset protection. They talk about the importance of protecting assets in our extremely litigious society, and of the specific ways to protect your assets in each of the four asset classes. They also discuss how long it takes to set up an LLC to protect your assets, who frequently people are successful in piercing the corporate veil, and how important it is even for beginners to protect their assets.

If you’re interested in protecting your assets, and would like to reach out to Garrett Sutton either for advice or to work with his firm, you can call 1-800-600-1760 for a free fifteen minute consultation or visit his website at www.corporatedirect.com. He’s offered to give anyone who mentions the cash flow academy one hundred dollars off filing the articles to create a corporate entity! Furthermore, if you are dissatisfied with your registered/resident agent, he offers a program where he will switch you over to his service, free for the first year. If you have questions for Andy, you can connect with him on on twitter or facebook. He’d love to hear your questions, comments, and ideas!

Show Notes

00:00 Intro

00:29 Introducing Garrett Sutton

03:04 Why Asset Protection is Important

06:34 What ‘Piercing the Corporate Veil' Means

11:26 What Should People Know About Setting up Corporations in Different States?

16:14 How Fast Can an LLC be Made?

17:35 How Much Does an LLC It Cost?

20:16 Comparing Asset Protection in the Four Asset Classes

24:23 401(k)'s and IRA Protection

27:00 Increasing Litigation During Hard Times

28:44 Reaching out to Garrett Sutton for Asset Protection Advice

30:42 Being Prepared in the Legal System

33:57 Registered/Resident Agents & Switching Registered Agents

  • Free for first year if you are a new customer dissatisfied with registered agent

35:55 Outro

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