The IRS has come out with new audit rules, so if you have LLC's or LP agreements, it's important that they be amended before the end of the year.  In the past, an IRS audit required interaction with all members of an LLC or partnership. That could become very complicated, especially if there are many partners who could potentially litigate. The new rules involved a Centralized Partnership Audit Regime, so that the IRS deals with a single partnership representative. And that representative doesn't even have to be a member of the LLC. Here's where it gets tricky. If a representative isn't appointed by the LLC or LP, the IRS can choose whoever they want! This should give you some good motivation to amend to pay attention to our next guest. Garrett Sutton has been in practice more than thirty five years, assisting entrepreneurs and real estate investors from around the world to protect their assets and maximize their financial goals through sound management and asset protection strategies. He is a “Rich Dad Advisor” for bestselling author Robert Kiyosaki, and has authored several successful books himself, including Start Your Own Corporation, Run Your Own Corporation, Writing Winning Business Plans and Loopholes of Real Estate.    Get the show notes and more at: www.RealWealthShow.com