Using Powerful Tools To: Protect Yourself Against Lawsuits Protect Your...
Transcript of Using Powerful Tools To: Protect Yourself Against Lawsuits Protect Your...
Your Presenter:Steve Comer
Using Powerful Tools To:Protect Yourself Against LawsuitsProtect Your License Protect You From Overpaying Taxes
US Lawsuits Compared to the World
Medical Professionals are the most often sued Professionals in U.S.A. **8 Times!
U.S.A. 5% of World Population
90% Lawsuits in the World are in the U.S.A
Is this a BROKEN system?
YES!
Trial Lawyers Association
One of the most
POWERFUL lobbies in
Washington DC
Why are you targeted?
1. Deep pockets
2. You touch people for a living
3 REASONS
3. Reputation w/trial attorneys
Types of Lawsuits
Profession Related (Malpractice)– W2, Owners, Whole
Hospital
Life Related – Vicarious Liability, Employees, Real Estate,
Business Dealings, Accidents
MONEY!
THE KEY IS TO MAKE SURE THAT
ONLY YOU HAVE ACCESS TO
YOUR MONEY AND ASSETS!
When a Lawsuit is Created…Cause: You Often Cannot Control
Motivation: You MUST ALWAYS Control!
Typical Business Structure
S corp, C corp, PLLC Owns:
Too Much $$$
EquipmentBuilding
Everything Else Owned In Your Own Name
Personal Property
RentalProperty
Vacation Home
Home $$$
What does this structure protect?
NOTHING
Assets Needing Protection
High Risk Assets – Can Cause Lawsuits (Homes, Cars, Boats, Real Estate, Business, Buildings, etc)Safe Assets – Won’t Cause Lawsuits (Cash, Investments, Jewelry, Precious Metals, Artwork, etc)
Family Limited Partnership
Protecting Safe Assets(Non-Lawsuit-Causing)
Who has Liability?GP:
LP:
Total
None
Limited Partners
General Partner1% Ownership
99% Ownership
FamilyLimited Partnership
S-Corp Management Co.
General Partner
Limited PartnersSpouse Spouse
1%
49.5%
100%
Legal Purpose?Protect YOUR Safe Assets
49.5%
Money JewelryInvestment Portfolio Art Work
Jay Mitton developed strategy 35 years ago.
Trial Lawyers Fought Against the Family Limited Partnership
Supreme Court Ruled 9-0 in Favor of the FLP
Trial Lawyers Not HappyCame up With Plan B
Gives a Judge the right to force a PRO-RATA Distribution and order the
defendants share of the income to the plaintiff.The Charging OrderPASSED IN ALL 50 STATES
Trial Attorney’s Answer:
How is it done?
Entity Creation by a Lawyer
Nearly all business entities created in America today are created with
a Pro Rata Distribution Clause!
WARNING!!!
Solution to The Charging Order…
NON Pro-Rata Distribution Clause stipulates that only the General Partner
can order a distribution. Judge is blocked.
IRS Ruling 77-137 States:
A plaintiff using the charging order will have to pay income taxes on ANY monetary
judgment even if there is no distribution from the defendant.
The Revenge Clause
Plaintiff wins the lawsuitPlaintiff gets no money
Plaintiff pays taxes on $ they won’t get
Clients Sue Attorneys for Legal Malpractice
This takes away the
MOTIVATION
for the lawsuit!
The Result…
New Clients
Complete review of all existing
documents, identify pro-rata clauses,
change them to non pro-rata clauses
and file amended changes for you.
The Family Limited Partnership has never failed to protect what’s inside as
long as it is…
Your FamilyLimited Partnership
S-Corp General Partner
Limited Partners
With the 1% Protection
You and spouse, Family,Friends, Business
Partners…
1. Properly worded & structured2. In place BEFORE a lawsuit The TLA will never stop working
to get around Asset Protection
The Limited Liability CompanyProtect Your High Risk Assets With…
Created in 1987
in Wyoming -
Jay Mitton
Within 2 years
Adopted in all
50 states
Nearly all business entities created in America today are created with
a Pro Rata Distribution Clause!
WARNING!!!Remember…
LEAVES THE BACK DOOR OPENFOR JUDGES!
NON-Pro-Rata Distribution Clauses which stipulate that only the General Partner
can order a distribution. Judge is blocked.
Step 1…
We replace Pro-Rata Clauses with…
Step 2...Change to Protective Business Structure
S corp, C corp, PLLC Owns:
Too Much $$$
EquipmentBuilding
Everything Else Owned In Your Own Name
Personal Property
RentalProperty
Vacation Home
Home $$$
Trial Lawyers Are Looking For This!!!!!!
NOT THIS!
The Limited Liability Company
Improper Use Defeats Its Purpose
Protect Your High Risk Assets With…
Protects whatever is INSIDE the
LLC from an OUTSIDE lawsuit.
LLC Protection
Judges can dissolve LLCsThe Solution: Create a Holding
Company registered in a state that does not allow this to happen…Alaska
Protective Holding Company
YourBusiness
Inc.
LLCOwns:
Equipment
LLCOwns:
Building
LLCOwns:
Property
LLCOwns: Home
AlaskaHoldingCompany“S” Corp.
Protects LLCs From Judges
Asset Protection & Lawsuit Prevention(The right way!)
S CorpManagementCompany/GP
1% ownership
FLP
Holds all “safe” assets$$$
Prevents Most Lawsuits FromEven Starting
Asset Search
They see the structure that’s in place
Advise clients to drop the case
WHY?
If They Hire a Lawyer…
YourBusiness
Inc.
LLCOwns:
Equipment
LLCOwns:
Building
LLCOwns:
Property
LLCOwns: Home
AlaskaHoldingCompany“S” Corp.
Protects LLCs From Judges
Asset Protection & Lawsuit Prevention(The right way!)
S CorpManagementCompany/GP
1% ownership
FLP
Holds all “safe” assets$$$
There’s NOTHING they
can get!
The asset protection structure
we build for you is so complete, so
airtight, that any lawyer thinking of
suing you will never file the suit.
Our Goal
The American Bar Association
reports that ONLY 0.5% of Attorneys in
the U.S. specialize in Asset Protection.
Legal Problem:Untrained Attorneys
The Legally Mine Protection Team
Most Experienced Company at Terminating Lawsuits
12 A.P. Attorneys, 5 Tax Strategists, 60 Paralegals
Our Goal: Everything Completed in Two Months
A+ Better Business Bureau / 5 Star Google
The Biggest and the Best in the Business
Living Trust
Complete Your Asset Protection Structure
Importance of the Living Trust
Why Living Trust over Will?AVOID PROBATE
• Waste of Time and Money • Matter of Public Record• Very Costly
Living TrustComplete Asset Protection Structure
Prevents Most Lawsuits FromEven Starting
YourBusiness
Inc.
LLCOwns:
Equipment
LLCOwns:
Building
LLCOwns:
Property
LLCOwns: Home
AlaskaHoldingCompany“S” Corp.
Protects LLCs From Judges
S CorpManagementCompany/GP
1% ownership
FLP
Holds all “safe” assets$$$
“S” Corp$2,000
Living Trust $5k to $15k
LLC$2K
LLC$2K
LLC$2K
LLC$2K
LLC$2K
HoldingCompany
$2,000
Attorney’s Fees for Entity Creation
FLP$7k -$10k
MNGMTCompany
$2,000
Attorneys Charge over $30,000
S-Corp, C-Corp, PLLC$1,500
Living Trust - $2,400
LLC$1,200
LLC$1,200
LLC$1,200
LLC$1,200
AlaskanHolding
Company$1,500
Complete Asset Protection Structure
S CorpManagement
Company$1,500
Family Limited Ptnrship$4,000
$12k - $15k Affordable Rock
Solid Asset Protection
YOUR LICENSE TO
PRACTICE
Protecting…
Consequences of Malpractice Lawsuit
Malpractice Lawsuit
Settlement
Investigations can Lead to a Suspension or Revocation of License
Reported to DEA
Reported to NPDB Loss of Hospital
Privileges
Strategic Healthcare License DefenseSHIELD
Phase 1 – Reporting Control – Eliminates Report to NPDB, DEA
Phase 2 – Incident Control -- Reduce State License Board Exposure
Phase 3 - Reputation Control – Contracts, Protocols, Protect Against State Board & Peer Review Complaints
Dr. Ben Dyches – “Protective legal layers will shield your license from board investigations.”
The Burden of Over-Paying Your Taxes
“It is the responsibility of every American citizen to ensure they do not overpay their taxes.” Internal Revenue Service
The Burden of Over-Paying Your Taxes
TAX STRATEGIST
Specialize in APPLYING tax laws so their clients DO NOT OVER-PAY
TAX STRATEGIST = $$$$$
IRC Section 280a(g) -Your Corporations Can Rent
Your Primary Home14 Days Per Year
Income is 100% Tax Free $2,000/day x 14 days = $28,000 tax free
Your business entities will rent your home for Board Meetings, Training, and Corporate Events.
Tax Free Income to you and a Deduction for Your Taxes, Saving
You Thousands of Dollars
IRS Code: Section 280a(g)Rent Your Home 100% Income Tax Free
Tax Saving Strategies and Tools
FICA Tax Reduction Using a S-Corporation Salary
Income Shifting for College and Gifts
Captive Insurance Plan Ownership
IRC Section 280(a)(g) Renting Home to Business
Personal Integrated Plan
W2 employee AND Business owner
We don’t replace your CPAWe work with them
We become a part of your inner circle
S-Corp, C-Corp, PLLC$1,500
Living Trust - $2,400
LLC$1,200
LLC$1,200
LLC$1,200
LLC$1,200
AlaskanHolding
Company$1,500
True Asset Protection Structure
S CorpManagement
Company$1,500
Family Limited Ptnrship$4,000
$12k - $15kAffordable Rock
Solid Asset Protection
Step 1: Premium Plus ServiceA Team Approach to Your Protection
2. Document Review and Amending – (Pro Rata Changed)
3. Asset Protection Blueprint to Show What You Need
1. Strategic Health Care License Defense (SHIELD) – Dr. Ben Dyches
ASSET PROTECTION BLUEPRINT
DEF, PC (MA)
(S-corp)
Ownership:Spouse 1 - 100%
Asset Management,LLC
(AK & MA)(Owns SMLLC
interests and 1% GP in FLPs)
(Tax as Partnership)
Ownership:Spouse 1 - 50%Spouse 2 - 50%
Spouse 1LLC/FLP Interests,Corp Stock, IRA,
Life Insurance
Spouse 2LLC/FLP Interests,Corp Stock, IRA,
Life Insurance
JointBank Accounts,
Vehicles
Family Living Trust
Trust Package Includes:Durable Powers of Attorney Living WillLast Will & Testament
ABC, LLC(MA)
100% owned by Family Living Trust
NOPLand Trust
Mgmt LLC as sole beneficiary
QRSLand Trust
Amend to make Mgmt LLC the sole beneficiary
HIJLand Trust
Mgmt LLC as sole beneficiary
KLMLand Trust
Mgmt LLC as sole beneficiary
TUV, LLC(NV)
(amend owner and dist. Auth.)100% owned
by Asset Mgmt, LLC
Single Member Disregarded
LLC
Possible Equipment, FLP
(MA)(Holds and leases
equipment)
Ownership:GP: Mgmt LLC 1%LP: Spouse 48.5%LP: Spouse 48.5%LP: Kids 2%
MNGMTCompany
(LLC) Taxed as
“S” Corp.
Step 1: Premium Plus ServiceA Team Approach to Your Protection
2. Document Review and Amending – (Pro Rata Changed)
3. Asset Protection Blueprint
1. Strategic Healthcare License Defense (SHIELD) – Dr. Ben Dyches
4. Management of Your Asset Protection (minutes, renewals, consulting)
5. Personal Tax Reduction Strategy
Tax Reduction Strategy
.
$3,000
$5,000
Tax Reduction Strategy
$7,000.00
$11,000.00
$7,600.00
$7,000.00
$3,500.00
New Tax Law SavingsNew Tax Savings Entities
S Corporation LLC Salary Pay
Primary Residence 280a(g)
College Fund
Asset Management LLCWorking with the Family Limited Partnership
$36,100.00
Other Land Trusts and LLCs
Estimated Year One Tax Savings
Estimated Tax Savings
Step 1: Premium Plus ServiceA Team Approach to Your Protection
2. Document Review and Amending – (Pro Rata Changed)
3. Asset Protection Blueprint
1. Strategic Healthcare License Defense (SHIELD) – Dr. Ben Dyches
4. Management of Your Asset Protection (minutes, renewals, consulting)
5. Personal Tax Reduction Strategy
Investment of $3,000 per year
Step 1: Premium Plus ServiceA Team Approach to Your Protection
2. Document Review and Amending – (Pro Rata Changed)
3. Asset Protection Blueprint
1. Strategic Healthcare License Defense (SHIELD) – Dr. Ben Dyches
4. Management of Your Asset Protection (minutes, renewals, consulting)
5. Personal Tax Reduction Strategy
Investment of $1,800 ($150/month for the year)
S-Corp, C-Corp, PLLC$1,500
Living Trust - $2,400
LLC$1,200
LLC$1,200
LLC$1,200
LLC$1,200
AlaskanHolding
Company$1,500
True Asset Protection Structure
S CorpManagement
Company$1,500
Family Limited Ptnrship$4,000
$12k - $15kAffordable Rock
Solid Asset Protection
Pre-Paid Unlimited Entity Creation Agreement
S Corp LLCDone
FLPDone
Living Trust - Done
LLCDone
LLCDone
LLCDone
LLCDone
LLCDone
HoldingCompany
Done
MNGMTCompany
(LLC) Taxed as
“S” Corp.
**All Current Entities and All Future Entities Created For You and Your Spouse, NO CHARGE FROM US!
$6,000 one time payment
Total Investment: $7,800
Today’s Conference “No-Brainer”
Premium Plus Service (PP+) $1,800 ($150/month)
Unlimited Entity Creation $6,000 (One Time Payment)
Return On Investment: 100% Guaranteed $7,800 Savings
Tax Savings Year After Year
3. Shield Protection with Dr. Ben Dyches to Protect Your License
Why the Offer is a “No-Brainer”1. Living Trust Completed for You
2. Lawsuit-Preventing Asset Protection for You and Spouse
4. Your Investment is Fully Tax Deductible5. 100% Guaranteed ROI of $7,800
6. Each Year You are with Us = Updated Tax Savings Strategies
7. You get sued, you call us… the Lawsuit is Dropped!
100% SUCCESS RATE