Do You Have a Big Target On Your Back?

Diane Kennedy's Loopholes Update

Hi Friend:

Choosing the right business structure used to be much easier. There were bad business structures, really bad business structure and good ones.

Now it’s more complicated. If you own real estate, financing is tough and new lending rules from Fannie Mae and Freddie Mac mean that you need a layered business structure system.

If you owned a business, asset protection was a concern. You needed to protect your personal assets from something that might go wrong with the business. You might have also recently discovered that you need to also protect your business from personal lawsuits, so you needed a layered business structure system as well.

And now, with economic uncertainty, you might have already discovered that your biggest risk isn’t even from outside your business, it is from within your business. You need a new solution for the business challenges of 2009 and beyond!

If you haven’t updated your business structures within the past year, you might as well put a big target on your back!

Three friends went into business together. They knew they had to protect their personal assets from possible risk of the business, and so formed an LLC (Limited Liability Company) to operate the business through. Two partners went one step further and held their 1/3 share inside two other LLCs. The third partner didn’t think there was any risk and held her 1/3 share in her own name.

Soon after the business started, one partner left. The ending was relatively amenable, and didn’t wind up in court. After that, the business grew and was profitable, but the partners’ personal relationship failed after a few years. This time, though, the ending wasn’t amenable and resulted in numerous lawsuits being filed.

The partner who held her interest in her own name was now at a serious disadvantage. Because she hadn’t contained her business risk within a LLC, the lawsuits named her personally. The other partner was safe, behind the liability shield his personal LLC provided. If he lost, he may lose his half-share of the business, but his personal asset were safe. But the other partner held her interest personally, meaning she had no such protection.

All of her personal assets were at risk, leaving her with no choice but to defend each lawsuit that was filed, and pay out thousands of dollars in legal fees. She eventually won, but it was a very expensive lesson.

The lesson? NONE of this had to happen. If she had held her interest inside an LLC or other protected business structure, and she had followed the steps she need to protect it, the lawsuits would have quickly gone away.

In 2009 and beyond, you must have a layered structure system if you want to have true asset protection. In today’s uncertain economic time you need to protect everything much more carefully.

If You Have a Limited Partnership or a Single Member LLC, You Are Probably Going to Get Audited This Year!

The Limited Partnership and Single Member LLC have become audit red flags in and of themselves. Avoid these at all costs! Ironically, the Limited Partnership is about the ONLY structure I used to use for my real estate investor clients. How times have changed! Oh, and if you do have a Single Member LLC, I’ll tell you one simple change you can make that will move you right out of the IRS target range. That’s all part of my new home study course Business Structures for 2009 & Beyond.

Tax laws are changing, and changing rapidly. It’s predicted that we’re going to see more tax law changes in 2009 than in any other year since World War II. We’re going to see more changes in 2009 The strategies that worked in the simpler times just a few years ago, simply don’t work anymore. That’s why it was so important to create this brand new information product – Business Structures for 2009 & Beyond.

In this informative audio program, you’ll learn:

Section One:

Introduction to Business Structures: Why what you don’t know can hurt you!

Start here to learn about the changing environment for business structures in the financing world, for tax planning and the need to beef up your asset protection.

ALERT!! Did you know that if you violate the new anti-Identity Theft regulations and accidentally give out a customer’s name and address, you could personally face a $50,000 fine? Protect your family. Protect what you’ve worked so hard to build. Get the right Business Structures for 2009 & Beyond!

Learn the new “bad” business structures and how having the wrong structure can guarantee an IRS audit.

Section Two:

Why You Must Control an LLC Today

The Limited Liability Company is the chameleon of the business world. What is it? Well, what would you like it to be? Learn how everyone with any assets needs at least one LLC, and even better, learn how you can form them cheaper than you think.

3 Strategies to Pay Less Tax with an LLC
1 Proven Method to Bullet Proof Your Assets

Section 3:

Use the Best of an LLC, S Corp and C Corp in your Tax Plan to Combine Asset Protection With Tax Savings

As your business and assets grow, you will want to add to your stable of structures. Added at the right time, for example C Corporation taxation can immediately cut your tax bill $10,000 - $100,000 per year. And, even better, you don’t have to form a C Corporation to do it!

3 Secrets to Use the Best of Business Tax Law Every Time
Control When You Pay Your Taxes
The One Secret I Use to Always Save My Clients Tax Money

Section 4:

Select the State In Which You Do Business To Dramatically Reduce Your Taxes

States are broke and there is one thing they’re all going to do to get money: Find a way to bring you into their state. Learn what states to avoid at all costs and how one simple misstep could cause you years of state tax agony.

Critical Steps to Making Sure You Pay the Right State

3 Strategies to LEGALLY Avoiding Your Home State Tax With a Business

The 3 State Taxes You Need to Run From

Section 5:

Put Your Real Estate in the Best Business Structures for 2009 & Beyond

Or better yet, “How One Client Saved Almost $3,000 in State Fees Each Year By Making One Easy Change.”

Real estate structures are tricky these days. You need maximum flexibility for financing, plus you need stronger-then-ever asset protection.

How to Avoid the Limited Partnership Audit Trap

How to Navigate the Tricky Fannie Mae & Freddie Mac Requirements for Refinancing by Using the Right Structures

Advanced Techniques with the Trust Sandwich to Limit Costs in All States

Section 6:

Advanced State Tax Strategies

In this fun interactive section recorded live at one of our popular events, you’ll hear real life case studies of what it takes to pay the least amount of state tax.

How Gross Margin Tax Can Ruin Everything
Look Out If You Have Workers In This State
Even Driving Regularly in These Two States Could Make You Subject to Tax
And of course, we’ll give you the step-by-step strategies to make sure these problems don’t happen to you!

Section 7:

Avoid These C Corporation Tax Traps

This may very well turn into the most important information you learn in 2009 and beyond! Personal income tax rates are on the rise and C Corporate rates are lowering. If you have a business, you’ll probably want a C Corporation, or better yet, a layered business structure with a C Corporation.

Know the traps and the strategies to avoid them:

3 Signs that Double Taxation Could Become an Issue for You
Strategies to Avoid Controlled Group Issue, and Why You Want To
2 Systems to Flunk the Personal Service Corp Test
How to Use Corporate Tax Law to Create Passive Income

Section 8:

What You Need to Do Next

None of this matters, if you don’t know what to do next! That’s what this valuable final section does – tells you, step by step, what to do so you can move forward with your own Business Structures for 2009 & Beyond!

In just a second, I’ll tell you the steps you need to follow to make sure your plan is safe and secure by following the Business Structures Resource Guide.

First, though, I want to tell you about the 3 Options you have when you sign up for the Business Structures for 2009 & Beyond Complete Home Study Course.

Download Immediately $ 247

Physical Product (CDs & CD-ROM) 297

Physical Product PLUS Download 297

Business Structures for 2009 & Beyond Also Comes with a Handy Stand-Alone Resource Guide

PLUS The Business Structures for 2009 & Beyond Home Study Course comes with a stand-alone Resource Guide. This reference guide will sit right next to your computer, quite possibly the most value business resource you have. As your business grows, you’ll know the fundamental of business structures and even more importantly, how to select the right one at the right time.

Just look at all the information you’ll get in this 100+ page Resource Guide.

Part I: Foundation for Business Structure Planning

The 3 Goals to Plan Around
Risky Business Structure Choices (Sole Proprietorships, General
Partnerships and Living Trusts
Safe Business Structure Choices
The Asset Protectors: Limited Partnerships and Limited Liability
Companies
The Passive Income Advantage
The Special Asset Protection Advantage
Charging Orders
Why You can’t Protect a Business from Itself
The Basic Elements of Limited Partnerships and Limited Liability Companies
How the Asset Protectors are Taxed and Distribute Profits
The Business Operators: C Corporations and S Corporations
The Basic Elements of A Corporation: Shareholders, Directors and Officers
How the Business Operators are Taxed and Distribute Profits
S Corporation or C Corporation: Which is Better?
10 Questions to Help Make the C versus S Corporation Decision
What Structure is Best for You?

PART II: Business Structure Planning for 2009 & Beyond

Today’s Business Structure Menu
The Decline of the Limited Partnership
The Danger of the Single-Member LLC
Are SMLLCs Safe?
The Well-Placed C Corporation
The LLC Taxed as a C Corporation
The LLC Taxed as an S Corporation
How to Switch from an S Corporation to an LLC-S
One More Argument in Favor of the LLC-C and LLC-S
The Series LLC
The Trust Sandwich
Upgrading the Trust Sandwich with a Series LLC
Real Life Business Structure Strategy Examples
State-by-State Guide to Charging Order Provisions

The Business Structures for 2009 & Beyond Home Study Guide, complete with it’s own Handy Stand-Alone Resource Guide can save you THOUSANDS of dollars in legal fees. You’ll find other information products priced at $799, $999 and $1,499 that don’t have all the cutting edge strategies that are packed into this product. That’s why it’s a steal at just $297!

For a limited time, though, you can get this and much more!

#BONUS #1: The Trust Sandwich: A New Way to Protect Assets and Save Money – A $99 Value

In May 2008, Freddie Mac changed lending rules and rocked the financial world forever. The Trust Sandwich was born out of those turbulent times, designed to protect assets, ensure you pay the least amount of taxes possible and give you the most flexibility possible.
Learn how to put the power of a Trust Sandwich to work for you to:
Protect your assets
Save state filing fees
Save transfer fees
Maintain maximum flexibility for new strict financing requirements
Plan your estate
The Trust Sandwich: A New Strategy to Protect Assets and Save Money is an 90-minute audio program led by Megan Hughes, co-creator of the Trust Sandwich. You also get a 20+ page Special Report packed with information and practical tax-slashing strategies.

#BONUS #2! We’ll also include my brand new audio recording “How To Survive the Government’s New Plan For Raising More Social Security Money” – A $49 Value

This is proof that the government wants you to create passive income. Done right, you can avoid all state income tax and greatly reduce your federal tax rate. Done wrong, and you’ll pay the same old way – right through your nose!

#BONUS #3! $100 Coupon You Can Use Towards the Formation of Any New Business Structure Set Up By Megan Hughes’ company, Business First Formations, Inc.

When you ACT NOW you get all of these bonuses – valued at $248 for FREE! In fact, if you ACT WITHIN THE NEXT 10 DAYS, you can own all of these items:
Business Structures for 2009 & Beyond
The Trust Sandwich: A New Way to Protect Assets and Save Money
How to Survive the Government’s New Plan for Raising More Social Security Money
$100 Coupon Towards any New Business Structure Set up by Business First Formations, Inc.

TOTAL VALUE OF ALL OF THESE PACKAGES IS JUST $547

But you aren’t going to have to pay that, FOR 10 DAYS ONLY – Your Investment is ONLY $249!

There are three ways to get started today with the Business Structures for 2009 & Beyond Complete Home Study Course.
Download Immediately $ 249
Physical Product (CDs & CD-ROM) 299
Physical Product PLUS Download 299


Please don’t wait. You must act now to protect your assets and build wealth safely. Tax changes are coming, get ready now with Business Structures for 2009 & Beyond!
Warmly,
Diane
P.S. A regular S Corporation or C Corporation is no longer enough. I just received this email from one of our TaxLoopholes Community Members:
My son had an apartment business once in Billings, Montana, one apartment house and several other rentals. One of the landlords in their association tried to charge a deposit for a "companion dog." Not a seeing eye or anything like that. A "companion dog." He always charged a deposit for damages from dogs and did not know that it is against a federal law to charge for a "companion dog." And why should it be anyway? Why should a landlord have to bear expense of damage from a "companion dog?" The landlord was sued and lost to the tune of $90,000.

What did they do? They sold everything and moved to Chile and Argentina!
If you want to do business and build wealth in the US, you must use the tax and business structures that protect your wealth as you grow it.

P.P.S. Please remember this special offer is GONE IN 10 DAYS. Please act now to receive the discounted price PLUS bonuses totaling $248 FREE!

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