Jason Porter
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Presentation Title:
Safeguarding Wealth: Asset Protection & Tax Strategies for Medical Cannabis Clinicians
Jason Porter, Chief Real Estate Asset Strategist, Legally Mine
Abstract:
Description:
Learn how to structure your practice for lawsuit protection and prevention, how to protect your professional and personal assets from lawsuits, reduce your malpractice insurance costs, how to protect your retirement plans from judgements and seizures, and how to minimize vicarious liability for the acts of other professionals and staff.
Topics:
• The Misleading Healthcare/Business Professional Financial Crisis
o Legal Entities Defined
o Statistics related to courts
• Sources of Lawsuits in Healthcare/Business Settings
o New cases holding business/practice owners liable
o Employee action (Vicarious liability)
o Joint Ownership Pitfalls
• Family Limited Partnership
o History
o Function of a limited partnership
o Structure
• Charging Order
o Concession that creditors seize no assets
o Distribution clauses
• LLC vs. FLP
o LLC modeled after FLP
o LLC effectiveness
Objectives:
Upon completion of this presentation, the attendees will know how to:
1. Maintain the focus of their medical practice on improved patient care rather than malpractice defense.
2. Structure their practices for lawsuit protection and prevention, improving overall operations management of the practice.
3. Protect practice and professional assets from lawsuits through applied risk managements techniques.
4. Understand basic practice management tools that can help decrease unnecessary loss of revenue.
Bio:
Mr. Porter began investing in real estate in 1992. His portfolio has included single family fix and flips, multi-family, raw land developments, mobile and modular home developments, and resort developments. As his portfolio grew, he became increasingly concerned about protecting himself and his companies from lawsuits. His search for an asset protection law firm led him to Legally Mine in 2008 where he became a client.
Mr. Porter hit it off with the founder and owner of Legally Mine, Dan McNeff, as they share many similar interests and experiences. Eventually Jason took a position as Chief Real Estate Asset Strategist and went from client to advocate. He brings his years of experience as a business owner, investor, and strategist… along with his unique and insightful speaking style, to an invaluable subject for all medical, dental, or real estate investing professionals.