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Wyoming Sao Form

Wyoming Sao Form

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Hi Mark Kohler here with another tax and legal tip I want to talk about the wyoming corporation or lLC now these are awesome for asset protection But they're also oversold so I want to break down some of the good a little bit of the bad And then tell you where I really like to use the wyoming in it Okay, the first benefit of a Wyoming entity is the Cope protection now What cope stands for is charging order Protection entity now? I whole chapter on my book on Cope entities But there's only about 13 to 15 states around the country that have this type of protection let me tell you what it is if you set up a LlC for your rental property and something goes wrong and Your tenants licken the mold off the wall or they fall down the stairs You know because of you know termites or something can they sue you personally? Oh, you're protected That's the beauty of the lLc. If there's a problem inside the lLC. You're protected, but you but what happens if you are at a lawsuit heaven Forbid Texting a

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