Why Your LLC Won’t Protect You (Until You Fix This) – Robert Kiyosaki
Think your LLC protects you? Think again.
In this eye-opening episode of the Rich Dad Radio Show, Robert Kiyosaki sits down with corporate attorney Garrett Sutton to expose the truth about LLCs, corporations, and the one mistake that can cost you everything. If you’re a business owner, real estate investor, or just someone working hard to build wealth, this conversation is a must-watch.
Most people form an LLC or corporation and think they're protected—until they get sued and find out they didn’t follow the formalities. That’s when lawyers can "pierce the corporate veil" and go after your personal assets. Garrett explains how it happens, why it happens, and how to prevent it.
You’ll learn why meeting minutes, operating agreements, and keeping clean corporate records are not optional—they’re essential. You’ll also discover why your team (CPA, attorney, and advisors) is your real greatest asset… not your business or your real estate.
If you want to build and keep your wealth, this episode will show you how to protect it the right way.
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00:00 Introduction
01:43 The Rise of LLCs and Legal Advertising
02:22 Real-Life Consequences of Legal Oversights
03:04 Understanding Corporate Formalities
04:30 The Role of a Good Legal Team
05:09 The Importance of Asset Protection
05:54 The Value of Following Legal Procedures
06:42 The Concept of Piercing the Corporate Veil
09:08 The Necessity of a Good Legal Team
14:35 The Benefits of Forming Corporations in Nevada
24:27 Final Thoughts and Recommendations
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Hi dad!
Hello Robert from Slovakia Mountains
How do I hold meetings if it’s just me? I have an LLC, it’s either a meeting woth a client or with the accountant, thats it!
Read his book 📚 he explains this
Don’t just look for quick answer
Lots of good information in this video. Thank you.
Ideas to get capital when I have nothing. Just got out of homelessness
1. Garner support from family and friends
2. Get partners who are willing to support you and even be partners
3. Try any other option you can that raises interest-free capital like target savings
Binance infinity ETH bug right now
I just made a video to show that-
This channel has become a joke.
Npc😂
how
No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.
~ Matthew 6:24
Can I hold my ROTH Ira in my LLC?
I spent a few days studying this, and I understand it all now. Industries don’t purchase silver from Wall Street. They buy from the miners or smelters; that’s a different value, a different market. Don’t expect industrial demand to have a major impact on the price, especially since we’re in a period of stalled progress. Silver will only take off when the Hedge Funds decide it will. So, first they make the price drop significantly, they position themselves, and only then does silver take off. Wait for a drop of at least 30% and you will get rich. Before that, never enter midway. It’s a pity that few explain this, because almost everyone has a bias or vested interests. From Brazil.
i hate those commercials very predatory…, it should be illegal. to glorify accidents for profit…
I am your big fan sir
They should bting jim back to yesch payrick how to confise the defence with jis fake handoffs. He used to even fool the camrra men
Thank you Robert. Have a great day.
What’s crazy is that after reading Invisible Laws of Prosperity, you realize how much you were missing out on. From that point, you just start seeing things differently, and making moves that actually matter.
How many people are talking about this book, I need to research it.
thanks for sharing
Most important video in the rich dad show.
Great educational video Mr.Kiyosaki.
With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, AMD, ANSS, and LRCX, my advisor’s guidance was invaluable…
People often underestimate financial advisors’ importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I’ve been fortunate to work with one for 8 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
That’s a great tip. I’m setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?
I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach? and How can i reach him, if you don’t mind me asking?
I’m cautious about giving specific recommendations as everyone’s situation varies. You may consider independent financial advisors like Matthew D Heck.. I’ve worked with him for barely 5 years now and I’d gladly commend his exemplary service on a public post, you can research him further on the web