Ok...SO...again sandboxes...Which do you want to play in?
In many respects one can choose to play in both...for example a PET can "own" an LLC...question becomes how does that help YOU...it may or may not depending on your scenario and ultimately what you are trying to move closer towards!
Before I get to my opinion (for myself) and based upon the research and resources I've leaned into...one is actually safer in a PET because it is private.
Public cannot sue Private. The Public must cross over (expose themselves to the rest of the Public) if they want to come after a PET.
Now...there are over 1400 cases, some of which have gone to Supreme Court, and in all but ~5, the privacy of the PET has been upheld!
The ~5 cases that "lost" were due to mismanagement of the Trust by the Trustee...in essence the Trustee(s) did something criminal that affected the Beneficiaries (or those that help Capital Units representing their interest in the Trust).
So for me, a PET specifically structured as a UBO / PMA (aspects of both) is very safe (low risk). Because IF you get on the Public entity's radar...a simple "prove jurisdiction and venue" letter will typically get them to back off as they don't want to expose themselves and increase their risk which they won't do beyond a certain point...in particular for small timers (like you and me). Now...if we had businesses doing 100's of Millions then there is extra protection steps we can take...but 99% of "us" won't need that.
===
I have a buddy who has recently ran a couple free master classes on this topic and I'd recommend you sign up just to attend and learn about the above. He does have an offer at the end that probably won't make financial sense based upon how much I know he charges...but it will be a great STUDY opportunity.
http://nottaxsecrets.com
Also poke around Seth's FB profile and you will dig up info (be sure to read comments and/or DM him ) https://www.facebook.com/swellsworth
REALjasonansley / Jason Ansley | Fractional COO | $GUARD WDWP#31
npub1ur…xdx2w
2024-10-01 17:31:30
in reply to nevent1q…6er9
Author Public Key
npub1ur5ju4pd0xegu7wxal543ywn3aykxmjg2c9gucvtj5aaa43sm74qcxdx2wPublished at
2024-10-01 17:31:30Event JSON
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"content": "Ok...SO...again sandboxes...Which do you want to play in? \n\nIn many respects one can choose to play in both...for example a PET can \"own\" an LLC...question becomes how does that help YOU...it may or may not depending on your scenario and ultimately what you are trying to move closer towards!\n\nBefore I get to my opinion (for myself) and based upon the research and resources I've leaned into...one is actually safer in a PET because it is private. \n\nPublic cannot sue Private. The Public must cross over (expose themselves to the rest of the Public) if they want to come after a PET. \n\nNow...there are over 1400 cases, some of which have gone to Supreme Court, and in all but ~5, the privacy of the PET has been upheld! \n\nThe ~5 cases that \"lost\" were due to mismanagement of the Trust by the Trustee...in essence the Trustee(s) did something criminal that affected the Beneficiaries (or those that help Capital Units representing their interest in the Trust). \n\nSo for me, a PET specifically structured as a UBO / PMA (aspects of both) is very safe (low risk). Because IF you get on the Public entity's radar...a simple \"prove jurisdiction and venue\" letter will typically get them to back off as they don't want to expose themselves and increase their risk which they won't do beyond a certain point...in particular for small timers (like you and me). Now...if we had businesses doing 100's of Millions then there is extra protection steps we can take...but 99% of \"us\" won't need that. \n\n===\nI have a buddy who has recently ran a couple free master classes on this topic and I'd recommend you sign up just to attend and learn about the above. He does have an offer at the end that probably won't make financial sense based upon how much I know he charges...but it will be a great STUDY opportunity. \n\nhttp://nottaxsecrets.com \n\nAlso poke around Seth's FB profile and you will dig up info (be sure to read comments and/or DM him ) https://www.facebook.com/swellsworth",
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