
The LLC Master Machine Asset Protection Program
The Complete System for the Successful Formation & Operation of Limited Liability Companies in all States - With Extraordinary Money-Saving Strategies For All Types of Real Estate Investments - Save Thousands in Legal Fees with Impenetrable Ironclad Protection
Corporate Transparency Act

By Albert Aiello, CPA, MS Taxation, RE Investor
William Noll, CPA, Attorney
LLC's Have Great Money-Saving
Benefits, But Most Are Worthless!
Before telling you why, first the Potential Power of LLC's for real estate...Limited liability companies (LLC's) are powerful entities because they have all of the legal benefits of a corporation; yet all of the excellent tax advantages of a general partnership; yet avoid the legal disadvantages of a general partnership and avoid the tax disadvantages of C-corps, S-corps and limited partnerships. They also avoid much of the legal complexity of corporations and limited partnerships. In short the best of all worlds...unlike any other entity.
LLC's can be used for all types of real estate transactions...Residential rental, commercial, wholesaling, short sales, rehabbing, new construction, sub-divisions, condo conversations, etc. So powerful are LLC's, they have diminished the importance of limited partnerships, family limited partnerships, C-corporations, S-corporations and land trusts (although they can be combined with land trusts).
Plus, a properly structured LLC should...
- Protect your personal assets
- Save you substantial amounts of taxes
- Defend you against IRS attacks
- Prevent legal disputes and save you legal fees and hassles
- Enable you to successfully operate your real estate business
- Enable you to legally and safely deduct real estate education expenses
But Most do NOT!
Notice the above words Potential Power. Below are the reasons why most LLC's never reap the power of their great benefits.
Just about all attorneys, CPA's and others, who form LLC's, use bare bones, boilerplate LLC documents. Consequently, your LLC is set up and operated WRONG, because these poorly documented LLC's...
Do not shield you, causing your personal assets to be totally exposed. You therefore are not protected from legal actions (when you should). It is not the size of the entity, but rather the existence of complete and proper documents which provides the protection from personal liability for the LLC members.
Do not save you in taxes (when they should). Having certain Tax Elections and Tax Matters in the operating agreement and other LLC documents can generate for you, yearly tax savings you didn't even know about.
Do not defend you against IRS (when they should). IRS auditors typically examine LLC legal documents to see if they support tax deductions and strategies. If they don't, you are out the deductions and A LOT OF MONEY!
Do not prevent legal disputes with partners or others (when they should). Having the proper language would do this and save you from costly lawsuits.
Do not give you important operating guidelines for successfully running your business (when then should). LLC documents (esp. the operating agreement) should also be your road map to help you implement a profitable real estate business.
In short, most LLC's simply do not give you the significant dollar-saving benefits that a well designed & documented LLC should give you!
The SOLUTION...