@originaldohnthorntonn: If you own parking lots… the cash flow can become incredibly consistent. Daily fees. Monthly parking. Event parking. Commercial tenants. But here’s the problem — most parking lot owners are still operating through LLCs / Corporations that are fully taxable and publicly searchable. So as the revenue grows… the taxable events grow right along with it. And meanwhile, the owner is still exposed to lawsuits involving accidents, injuries, vehicle claims, and property incidents. But when parking lot operations and assets flow through a contract law spendthrift trust… you get powerful lawsuit protection, far greater privacy, and no taxable events. Plus, parking lot-related expenses flowing through the trust can potentially become tax deductible trust expenses. Same parking lots. Completely different financial outcome. (Info purposes only; not a licensed tax, legal, or accounting professional) #taxsavingstips #taxdeductions #taxsavings #taxreduction #parkinglot

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