Posted by Bert G on May 04, 1999 at 22:10:53:
After studying Bronchick’s asset protection course, I think it would be something like this.
Form your corporation. Use that to do flips, and maybe give it a DBA to manage your rental properties. Take title to the properties each in a separate land trust. Form an LLC. If your state requires more than one member, have you be one, and YOU INC. be the other (assuming you don’t have a real live partner). The LLC will be the beneficiary of the land trusts.
A few weeks ago I asked Bill on his website if that was the basic idea, and he said I aparently read the book correctly.
NOT a lawyer