1 Simple Step to Protect Your CRYPTO WEALTH with an LLC

Are you ready to protect and manage your crypto wealth in digital assets like a pro? This video walks you through the step-by-step process of transferring your digital assets into an LLC. Whether you're preparing for price appreciation, mitigating taxes, or planning future transitions like setting up a trust, this guide will help you take control.

Here's what you'll learn:

Why transferring digital assets to an LLC makes sense
How to file an LLC (and why we recommend Wyoming)
Setting up your operating agreement with templates
Documenting wallet addresses, assets, and amounts
The importance of notary and timestamping
Tax implications and benefits of gifting assets to an LLC

0:00 - Introduction to Moving Digital Assets into an LLC
0:06 - Why Move Digital Assets to an LLC?
0:18 - Tax Mitigation and Future Planning with an LLC
0:33 - Filing Your LLC: First Steps
0:48 - Why Wyoming LLCs Are Recommended
1:01 - Drafting Your LLC Operating Agreement
1:14 - Accessing Templates for Your Operating Agreement
1:36 - Customizing Your Operating Agreement
2:09 - Structuring Your LLC: Member-Managed vs. Manager-Managed
2:37 - Recording Your Digital Assets in the Operating Agreement
3:06 - How to List Wallets and Digital Assets in the Agreement
3:49 - Getting Your Operating Agreement Notarized
4:02 - IRS Form 709 and Gifting Digital Assets to an LLC
4:27 - Implications of Moving Assets: Capital Gains and Cost Basis

#digitalassets #cryptotaxes #cryptowealth