Description

Garett Sutton is an attorney, best-selling author, and one of Robert Kiyosaki’s Rich Dad Advisors. Garrett has over thirty-five years of experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner.

Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler.

Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct “the premiere source for asset protection strategies.”

Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California’s law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series.

In this episode, Garrett Sutton discusses state filing fees and how they can protect your business from lawsuits. He recommends being realistic about the need for a meeting and having an attorney review your business to make sure you’re following all the rules set forth by your state. He discusses the importance of having separate LLCs for business purposes, as well as other important rules to follow when setting up an LLC. He encourages listeners to reach out to him for help with asset protection, as his services are much more affordable than most. To learn more about Garrett, listeners can visit his website at Belrose Storage Group!

[00:01 - 05:33] Opening Segment

• Garrett discusses his new book, “Veil Not Fail”
• To maintain asset protection, real estate investors must annually file fees with their state, have a meeting, and follow other rules set by the state

[05:34 - 16:38] Protect Your Assets With An LLC

• You need to have a separate bank account for your LLC or corporation
• You can’t run an LLC or Corporation through your personal account
• You must have a registered agent to accept service of process or a notice of a lawsuit
• The need to have a separate tax return for each entity you own
• A management company can be used to pay for health insurance premiums or to protect the corporation from lawsuits
• The many types of LLCs that can be used for asset protection
• It is easy to switch registered agents, and having multiple registered agents can be annoying

[16:39 - 21:18] Closing Segment

• Garrett encourages listeners to book a 15-minute call with him to discuss asset protection options  
• Garrett shares where you can get in contact with him (links below)

Quote/s:

“You want the world to know that they're doing business with a corporation or an LLC on your checks, on your contracts, and on your business cards.” – Garrett Sutton

You can connect with Garrett through his: 

Website: Corporate Direct

Facebook: Corporate Direct

Twitter: Garrett Sutton

LinkedIn: Garrett Sutton

YouTube: Garrett Sutton

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