ilmscore | Prediction Details
"this property is owned by an entity let's just call it just Breit Sing LLC just Singh doesn't own any real estate just Singh LLC does now just Singh owns just Singh LLC but just Singh LLC owns this property... if the only thing that this LLC owns is this property and it's worth $200,000 you declare bankruptcy the tenant gets the property so the max they're entitled to is whatever is in this LLC they cannot come after my personal assets"
By Minority Mindset | May 26, 2024 | Pending
From video
STEP BY STEP: How To Break Out Of The Financial Rat Race (& Become Wealthy) 01:31:45 - 01:32:56
Interpreted Prediction
Owning assets through an LLC (Limited Liability Company) can protect personal assets from business-related lawsuits, as only the LLC's assets are at risk.

Prediction Details

Topic
Business Structure for Asset Protection

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