Scott Smith, the founder of Royal Legal Solutions, was an aggressive litigator. He has first-hand knowledge and experience against tactics of plaintiff’s attorneys that wins them lawsuits. He uses this knowledge to help you set up your business and protect your assets.
[00:01 – 04:43] Opening Segment
I talked briefly about valuable information that you can take advantage of in this episode I introduce my guest, Scott Smith Scott talks a bit about his background and how he got into real estate[04:44 – 19:38] Best Practices for Big Success
Attributes that Scott has observed from most successful investors in real estate People that are really strong winners are process-based They focus on foundations for their long-term growth Scott’s best practices for protecting your assets for first-time business owners Series LLC “Child Series” Trust structure combined with Series LLC structure Scott’s best practices when setting up a structure for maximum tax advantages for investors in the USA Hold your investments in a Series LLC Incorporate S and C corporations based on your income Cross-border partnerships You don’t want a one size fits all solution[19:39 – 27:09] Red Flags in Investing
Scott walks us through how he goes about different kinds of deal structures How to avoid the red flags that new investors make Don’t get excited. Excitement should tell you that something’s wrong Always make sure to have a partner Having the right community[27:10 – 30:17] Closing Segment
Connect with Scott online! See the links below
Tweetable Quotes:
“The thing that separates the winners and the losers is that the people that are really strong winners over time are very process-based people.” – Scott Smith
“There is a consistent plan that’s appropriate for each person at every single level, and that doesn’t change.” – Scott Smith
Resources Mentioned:
Series LLC definition Trust definition C Corporation definition S Corporation definition Tax, Legal, & Asset Protection Secrets For Real Estate Investors (Facebook) Real Estate Nerds podcast
You can connect with Scott through their Facebook Page or visit their website https://royallegalsolutions.com/
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