Anderson Business Advisors Podcast

California Investors - Learn How to Avoid the Franchise Tax & Save Thousands

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In today’s episode, Toby Mathis, Esq. welcomes Carter Coons, Esq., an attorney at Anderson whose last name you may recognize… he is also the son of partner Clint Coons. Carter shares some of the benefits of utilizing a Wyoming Statutory Trusts (WSTs) as holding companies for your California LLCs to avoid the $800 per entity tax that is due annually. You’ll hear how to layer these protections to secure your anonymity and save money.

Highlights/Topics:
  • California properties and LLCs
  • How can we avoid this franchise tax?
  • Wyoming Statutory Trusts (WST) are exempt
  • WST as a holding company
  • How does California feel about these trusts?
  • Protections you can benefit from with a WST
  • There is no reason that you shouldn’t take advantage of this protection
  • Integrating out-of-state LLCs
  • If you’re not a CA resident, all you need is the WST to own titles to your properties
  • This strategy is legit, inexpensive, and has worked for decades
  • Share this with someone who could benefit
    • Resources:

    Carter Coons LinkedIn

    https://www.linkedin.com/in/carter-coons-708629117

    Tax and Asset Protection Events

    https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=avoid-the-ca-franchise-tax

    Toby Mathis on YouTube

    https://www.youtube.com/c/tobymathisesq

    Anderson Advisors

    https://andersonadvisors.com/

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