I believe I saw something like that mentioned in one of the Rich Dad books. Is this a good idea?
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I believe I saw something like that mentioned in one of the Rich Dad books. Is this a good idea?
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LLCs are typically used for investing clubs so I suppose you could use it for one person. This article explains what to do, but this is one instance I would recommend you consult with an attorney before setting it up. imho, it would be less complicated if you simply used insurance for protection (umbrella, malpractice, P&C).Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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I believe I saw something like that mentioned in one of the Rich Dad books. Is this a good idea?
Click to expand…
LLCs are typically used for investing clubs so I suppose you could use it for one person. This article explains what to do, but this is one instance I would recommend you consult with an attorney before setting it up. imho, it would be less complicated if you simply used insurance for protection (umbrella, malpractice, P&C).
Click to expand...
Thanks so much for the information!
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