ilmscore | Prediction Details
"now instead of me depositing $100,000 into this LLC account what I'm going to do is I am going to loan myself this $100,000 just bed sing loans $100,000 here that means this property is purchased with a $100,000 loan now of course the loan is owned by just bu Singh but just bu Singh LLC owns this property worth $100,000 with a $100,000 loan to just Bing LLC"
By Minority Mindset | September 27, 2024 | Pending
From video
7 Tax Loopholes Only Rich People Understand 00:21:54 - 00:22:16
Interpreted Prediction
Loaning funds to an LLC to purchase an asset, rather than directly depositing the funds, can create a scenario where the asset is acquired with a loan, which the claimant would then assume if they seized the asset.

Prediction Details

Topic
LLC Loan Strategy for Asset Protection

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