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Written by : Maile Shinholster |
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oh whoa yes wow so uh hmm foreign so so testing can you guys hear me now all right yes megan i can hear you now oh fantastic okay cool yeah sorry about that guys i don't know what's going on with that um hey alexander hi leah how are you guys man i thought i was about to exit right and uh no i'm sorry apparently i'm having some mic issues this morning i was just saying that that the music add-on was was nice right oh awesome well thank you for watching but and then i i see you speak but i can't hear you so i said okay where's the problem is it me oh that's me that's me having issues over here today you know just a typical thursday it's time for the weekend right um so here's what i was kind of was thinking so you know these meetings are typically a lot larger and so we have the typical format to accommodate that we anticipated the show maybe a little bit smaller because it's more of a i mean it's a diversified investors group so with that i still want to walk through the presentation this morning simply because we are actually recording these to use those presentations as assets for our um investor specific content pages um but i think you guys have probably already seen majority of it it is about the series llc that's what we're doing in all of them this week um and then the kind of the more diversified portion actually comes through the discussions in the q a so i'm thinking why don't we do this i'm going to go ahead and get started and we'll just run through the slide deck run through it quickly and then we'll just have an extended q a at the end and tackle any questions you guys have that sound good okay cool so don't let me bore you too much feel free to read the novel while we're walking through this presentation that's beautiful whatever you want to do all right let me share my screen and we'll get going hey charlie just like it happened bud how are you we love that sorry i gotta get a little late this morning oh you're good my man i had my problems for like 10 seconds i mean i was a hot minute before i could get it going so you're good charlie what i was saying is we're going to run through the presentation i think a lot of it's going to be information you've heard before but we are recording these for some digital assets for our website um and then we'll do a q a at the end and tackle anything you guys have awesome awesome sounds good thank you yeah hey ken it looks like i don't have permission to oh no there it is okay all right all right give me a thumbs up if you can see that uh screen guys awesome you guys are fantastic okay so good morning everybody so my name is megan templeton um today we are going to be talking about what it looks like to use a series llc if you are an investor who has a diverse portfolio so if you are involved in multiple type of assets so things like short-term rentals long-term rentals cash stocks crypto really have that portfolio that you're not focused on one niche this is going to be the time for you so let's hop into it so we've got here we are going to be talking about the series llc as discussed and a little bit of background about myself and royal legal so like i said my name is megan templeton i am a consulting attorney here at royal legal i've been with royal eagle for now for about four years or so but i've been doing real estate and small business entrepreneur law for much longer so definitely an area that i'm passionate about also have a good bit of experience in starting running selling maintaining businesses as well as real estate investments now royal legal we've been around for about nine years um we do operate in all 50 states we've got clients nationwide and we've helped protect over 2 billion in assets so we've seen a lot of edge cases we know the different ways this can go for you we want to use that knowledge to tailor your experience here to make sure that you are fully covered in the way that your portfolio needs to be so as we talk about that we talk we start thinking about what does it look like for your portfolio your assets to be covered from a liability standpoint you know the things that are going to put you at risk you know obviously that are going to feed into a lawsuit are going to be things like having property or assets in your personal name relying solely on insurance lack of compartmentalization so that means if you have all of your assets in one bucket for example having one llc what's going to happen at that point if one asset is litigated against the rest of your assets are at risk so if you have for example one property that's worth 50 000 but you've got a house with the rest of your assets with a value worth of 3 million you've suddenly got that entire 3 million pool at risk as well so lack of anonymity is another one if you are not protecting yourself keeping your name out of the public record something that is someone could go online they could do a quick google search figure out how much you own that's going to put you at a greater risk for a lawsuit personal exposure to lawsuits that's what comes from things like having no anonymity and also having things inside of your personal name and then the last one that i'd like to point out is if you have got a bunch of llc's if you're operating from this kind of system where you've got an llc here a trust here another llc in a different state what's going to happen is you're going to have a lot of entities at play and inside of that your operations becomes extremely complicated anytime you've gotten a complicated structure from an operational standpoint there's more a margin for error so we want to streamline everything we want to make it where you've only got one type of bookkeeping one type of tax filing really want to make sure it's condensed as much as it can so you eliminate as much risk as you possibly can a good example of this is one of our clients here rls we've worked with over the past couple years before they came to rls had the unfortunate experience of having a lawsuit that did strip them of three million assets because they had a breach of contract issue they had a bunch of assets in their own name and so when one asset came into play through that breach of contract their entire portfolio was wiped out so our goal here at royal eagle is to make sure that we take all of those assets protect them from you protect them before you streamline them and make sure that it's not going to happen to you so the question about lawsuits we get a lot is well i don't you know i don't feel like i'm going to be litigated against i run everything above board why should i be concerned about this when it comes to being an investor particularly in the real estate field it's not so much about if you're going to be litigated against it's going to be when are you litigated against if you were an investor for 20 plus years the stats say you have a 92 chance of having a lawsuit come against you that does not mean it's going to be an honest lawsuit i mean i think we all know working from third parties people can misunderstand concepts they can not fully understand what the truth about a concept is and so you're going to h
Thanks for your comment Pearline Chais, have a nice day.
- Maile Shinholster, Staff Member
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Thanks ganimedez your participation is very much appreciated
- Maile Shinholster
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I've studied pest control at Scripps College in Claremont and I am an expert in sociology of the body. I usually feel numb. My previous job was vocational education teachers, high school I held this position for 17 years, I love talking about shoes and coloring. Huge fan of Justice Smith I practice cycling and collect bicycles.
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