Join Apple Crider (Young Smart Money) and Scott Smith (Royal Legal Solutions) as they talk about the importance of asset protection and understanding the legal structure of your business. Scott gives clarity around LLC’s, tax implications on them versus a sole proprietorship, and explains what a two LLC approach is. As he created his strategies from learning the methods of other successful people, you need to nurture the same behavior and find what works for you. By the end of this episode, you will learn of the common pitfalls you should avoid with asset protection, start networking with people you can learn from, and find predictable and repeatable ways to succeed. Enjoy the podcast! ~ About Scott Smith: Before opening Royal Legal Solutions, founder Scott Smith was an aggressive litigator who brought suit against major insurance. He knows first-hand the tactics that plantiff’s attorneys use to win law suits. He brings this knowledge to bear when setting up business structures to protect your assets. We analyze your individual situation and put nuanced strategies into place that will not only protect your property to the greatest extent possible but also save you money in taxes and state fees. You don’t need to be a millionaire to benefit from the right system for acquiring property and protecting your assets. Our clients range from first time investors to seasoned real estate investors with a broad portfolio of properties. ~ You can find Scott Smith on… Website: https://royallegalsolutions.com/ LinkedIn: https://www.linkedin.com/in/scott-royal-smith/ --- For all resources mentioned in the show check out www.applecrider.com/resources Show notes for this episode and all other episodes --www.applecrider.com/blog Become a part of the Young Smart Money Community join the Facebook group -- http://bit.ly/YSMgroup For more personal finance and entrepreneurship subscribe to my YouTube channel -- www.youtube.com/applecrider Interested in low-cost podcast editing? Check out www.podblade.com