How The Rich Use LLCs To Hide Their Assets

in today's video I'm going to break down the five ways in fact the only five ways the wealthy may use in LLC to protect their assets and maybe save some taxes I'm a registered CPA attorney best-selling author and owner of multiple tax and legal businesses in today's video I'm going to show you

exactly where the LLC makes sense and is absolutely critical for you to succeed in business and build your American Dream the problem is business owners misinterpret what an LLC is for and it's supposed to be used and by doing so they actually pay more in taxes like I said at the beginning I really believe

there's only five ways the ultra wealthy the successful business owners may use an LLC there might be an ancillary small strategy out there that's fine but these are the five main uses 99% of the time of an LLC now the best way to explain where an LLC is best used and where it

fits into your plan and I'm going to show you the exact way to use it is to introduce you to the trifecta the trifecta is my invention of how to make sense of this complex seemingly complex tax and legal structure and young and old rich or poor every client that I work with that our team works with we

introduce the concept of the trifecta and it's going to blow your mind you're going to love this and it's going to help you better understand and how to use these llc's now the trifecta obviously is made up of three parts and these three parts are the foundation of how the ultra wealthy build wealth and

keep it now the base of this is going to be a trust a revocable living trust that has nothing to do with an LLC a trust is built for Estate Planning and I've got other videos and articles and books on this but the revocable living trust is that foundation of the trifecta and is