Sep 1, 2022

Garett Sutton is an attorney, a best-selling author, and one of Robert Kiyosaki’s Rich Dad Advisors. Garrett has over thirty-five years’ experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures, and advance their financial goals. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad, calls Garrett and Corporate Direct “the premiere source for asset protection strategies.” He shares his insights on how to be successful in this industry, emphasizing the importance of taking consistent action towards one’s goals. He recommends listeners to take a proactive step by incorporating their business. You can schedule a meeting with him at https://corporatedirect.com/schedule!

[00:01 - 03:34] Opening Segment

• Garrett shares that passive investing is a way to invest in real estate without having to manage the property or deal with tenants

• This can be a good option for people who are not interested in managing their own property or who want to avoid the risk of eviction

• Active investing is a way to invest in real estate by taking on the responsibility of managing the property and dealing with tenants

• This can be a good option for people who are interested in owning their property

[03:35 - 20:26] The Benefits of Asset Protection

• Garrett shares that it is important to consider both active and passive investing when making this decision, as each has its own advantages
• Active Investing versus Passive Investing
• • The benefits of each approach
• It is important to follow formalities when setting up an LLC, as this can protect your personal assets in the event of a lawsuit
• The common reasons why people are sued include:
• • Not having insurance coverage
  • Not following the rules to set up for an LLC

[20:27 - 24:15] Closing Segment

• Garrett advises that it is important to have an incorporating specialist help you create a legal structure that will protect your assets  
• Garrett shares where you can get in contact with him (links below)

Quote/s:

“No matter what you do, passive or active, you've got to consider asset protection.” – Garrett Sutton

You can connect with Garrett through his:
Website: https://corporatedirect.com/schedule

Facebook: Garrett Sutton

Twitter: Garrett Sutton
LinkedIn: Garrett Sutton
YouTube: Garrett Sutton

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