Join us for another insightful episode of the Smart Real Estate Coach Podcast! This week, I sit down with Garrett and Ted Sutton, a dynamic father-son duo specializing in corporate law and asset protection. We dive deep into the essentials of safeguarding your investments, the critical updates with the Corporate Transparency Act, and innovative ways to teach financial literacy to children. Don't miss this chance to gain valuable insights from two seasoned experts in the field. Tune in and learn how to protect your assets and improve your financial acumen! Key Talking Points [00:02:15] Introduction to Garrett and Ted Sutton - Chris introduces the guests, highlighting their expertise in asset protection and corporate law. [00:05:02] Ted's Career Journey - Ted shares his transition from mining engineering to joining his father's law practice. [00:07:05] Teaching Kids About Money - Discussion on the importance of financial education for children and the resources available on Sunstream.com. [00:08:20] Importance of Asset Protection - Garrett explains why setting up the proper legal structures is crucial for safeguarding investments. [00:10:20] Choosing the Right State for Your LLC - Garrett discusses why states like Wyoming, Nevada, and Delaware are preferred for LLC formation. [00:11:45] Corporate Transparency Act Explained - Ted details the new federal disclosure requirements and their implications for small businesses. [00:14:00] Penalties for Non-Compliance - Ted emphasizes the severe penalties for not adhering to the Corporate Transparency Act. [00:15:47] Free 15-Minute Consultation - Information on how listeners can get a free consultation to discuss their asset protection needs. [00:18:00] Common Asset Protection Mistakes - Garrett shares stories of common mistakes business owners make and how to avoid them. [00:20:56] Benefits of Using LLCs - Garrett outlines the additional audit protection and privacy benefits of using LLCs for asset protection.   Resources: Join us for our flagship event of the year happening on September 23-24, 2024, in Boston, MA! We're thrilled to be back live with an impressive lineup of high-caliber speakers, live coaching panels, and engaging breakout sessions. Whether you're a novice investor or a seasoned pro, QLS Live will equip you with the latest trade secrets, insider knowledge, and lesser-known strategies to propel you to the next level in your investing journey. Don't miss out—visit smartrealestatecoach.com/qlslive for more details. Coupon code: podcast50   Request a FREE copy of our best-selling book, Real Estate On Your Terms and Deal Structure Overtime, at absolutely no charge: wickedsmartbooks.com/podcast   Our FREE Master’s Class is the ONLY webinar where you’re given the exact techniques we use in our family company to buy and sell homes every month — all across North America and ALL on TERMS! Register by visiting: smartrealestatecoach.com/pcmc   Schedule a FREE strategy session with us. This is an opportunity for you to have an honest conversation with our team about your background, investment goals and create some action steps toward creating the life of your dreams. Together we’ll discover where you are, where you want to be, and what’s in the way. Just visit:  smartrealestatecoach.com/chrisprecall   Everyone is always asking us, “How is it possible to buy real estate without using my own cash or credit?” With decades of combined experience in real estate, we’ve perfected the process of investing creatively. We want to share as much as we can with you, which is exactly why we’re running this FREE workshop! If you’re thinking about leaving your job, escaping the W-2 lifestyle, and starting on the path towards creating generational wealth — this is for you! To register, just visit: smartrealestatecoach.com/pcws.    The Quantum Leap System has everything you’ll need to start buying and selling on terms (without banks