Quotes About Protection

I am all for controlling guns.

I think everyone should own six guns, even though I don't own any.

A lot of people really enjoy guns. A lot of people really like having guns.

I tell my daughters, 'If something doesn't feel right, whether that's going to a party, doing a video, shooting something, you're around someone that's creeping you out, use your gut. If you're in a car with a driver and something don't feel right, use your gut.'

How many of the 'Fortune' 500 are hacked? 500.

Turn on all security features like two-factor authentication. People who do that generally don't get hacked. Don't care? You will when you get hacked. Do the same for your email and other social services, too.

We need to do whatever we can to defend ourselves against hacking.

I've always felt like I had a guardian angel.

I'm not a big fan of the halo as a device. I have to face facts - it does bring something in terms of safety.

I have always been a strong champion for New Hampshire's environment.

Keep the operating entities—the ones that deal with the public—away from the asset-owning entities.

Sole proprietorships and general partnerships provide no asset protection.

if an LLC had not been used the result would have been much worse.

If the LLC was formed under California law, the attacker would have the ability to pierce through the LLC and force a sale of the buildings.

By contrast, limited liability companies, limited partnerships, and corporations offer much greater protection.

In an LLC, the members get the benefits of business debt

When holding an asset, as a general rule you will be better protected using an LLC instead of a corporation.

It should be noted that under California, New York and several other states's law Chalmer could force a sale of Teo's fourplex. This is why you want to use Nevada and Wyoming LLCs in certain states with weak asset protection laws.

you may want to have your California entities, for example, owned by Nevada or Wyoming LLCs, which specifically offer protection on single member LLCs.

To obtain such protection it is important to sign any agreement as an officer of the LLC. By signing an agreement "Joe Doe" without adding "Manager, XYZ, LLC" you can become personally liable. The world must be put on notice that you are operating as an independent entity.

you don't want a lot of assets in one LLC (or LP). An LLC that holds ten properties is a much bigger target than ten LLCs each holding one property. In the first case, a fall at one property exposes the other nine properties to attack.

That argument worked until the state of California decided that each series would be taxed as a separate LLC. So instead of paying just $800 for one series LLC in California you would pay, in our four-asset example, $3,200 for the series—the same as if you'd used four separate LLCs with greater certainty of protection.

LLCs are favored for asset-holding entities.

I got taken in by my uncle Frankie, know to his friends as Butcher Franchetti and to his enemies as 'Oh God no, don't kill my children, Don Franchetti'.