Anderson Business AdvisorsReviews of andersonadvisors.com

Great for education. Actually, amazing for education. I would never attempt to utilize their services again, though, especially tax services. The partners know their stuff but the knowledge ends there.

Read their BBB reviews before doing anything.

First half of the webinar was about various trust/LLC options for asset protection. The presenter was constantly trying to sell Anderson as the best choice for setting these up. He would say you could mess it up unless you used a professional service like Andersons. I can see this being said once, but constantly for the 3 hour presentation was very annoying. The second have regarding tax savings presented by Toby Mathis was excellent. Wish I could have given a better rating.

I have no idea what this roadmap with your company is giving me. I have too many divisions of business with Anderson, and really dont know if this is a fluffy side show or will actually help me acquire income rental property. I have set goals with Anderson, and have no idea how to begin or start a checklist to get things organized and implemented. Some of your services are non compliant with IRS deadlines.

UPDATE: Mr. Coons, thank you so much for taking my review under consideration. It really shows sincerety and that you care! You do bring up a few good counterpoints and would love to discuss further improve/re-establish the business relationship. Will reach out for an appointment soon. Thanks! OLD: Andersons is good law firm experienced in large scale routine legal matters that would be an ideal for a large/midsized and structured corporation in the Las Vegas area. Overall they have a friendly staff and professional staff but do not take that a substitute that they have good advice in startup or small business matters. Would you take tax advice or legal advice from someone just out of college or law school? As a small business gaining access to experienced individuals there is a hassle where there are several break in service continuity due to turnover and internal restructuring. Here’s a bullet list of my experiences so you as a potential customer can make an educated choice: 1. They upsell like crazy and don’t listen to your needs, especially as startups where conserving capital is extremely import. a. Upon our initial consultation titanium member was offered at 40% but we had to sign today! We did and paid the $10K retainer fee because they appeared to know more than my team did. We would get unlimited LLC creation, trust creation, digital document storage, and access to legal portal where you can ask legal and tax questions to Anderson professionals. After some thoughtful research this was of very little value to us as a small business. i. Unlimited LLC creation: Neutral Value - Did you know you can create your LLC? My new attorney laughed at me about this service and kindly directed to the State’s Secretary of State Website. Then told us “You can do it yourself in 15 minutes or pay me $800.” He understood the need to conserve capital. ii. Trust Creation: Negative Value – The advisors will claim they hide your identity from law suits and stop due on sale clause in mortgage/loan contracts. It doesn’t hide you from lawsuits. A difficult tenant found out who I was and dragged me through a frivolous lawsuit over 3 months. (My name was on the historical chain of title and they found me!) If you get into a frivolous lawsuit don’t hide from it like they advise – fight it head on. Planning to refinance your assets? Will not happen in a timely fashion. Asked Anderson advisors for help getting the assets back out the trust – they were no help. Had to contact and pay a local real estate attorney to untangle the trust mess. Also an important note: Fannie and Freddie mac have a 6 month title seasoning requirement before debt refinancing so hurry up wait! iii. Legal Portal: Some Value - but not worth $35/mo for access. It was helpful when I had a few questions. Had to constantly fight questions up the chain to get answers for complex situations. iv. Digital Document Storage: No value – We transferred documents to google docs for free instead. b. A few months later asked an advisor how on a tax approach to best shield profits coming in. We discussed that these are for profit entities and require maximum flexibility to maneuver capital. We were told to start a non-profit and that they we’re doing a special for certain amount of money. We declined. c. We got an unsolicited $2500 bill to have a permanent business phone number at Anderson’s. Did they think it was a good idea for us to have a professional business number there? I don’t know but it’s frustrating. Had to go back and forth to get the bill thrown out. d. Last year we contact them about assistance in for the EIDC program (saw it my facebook feed appearing like they know more than I did). We initially purchased the legal assistance package for $2500 that we later rescinded after getting more information from the government. We got $3K EIDC funding so if we would have paid them, yeah the economic assistance would have been next to nothing. A good advisor on the subject matter would take a quick glance at your profile and just got to the government profile to fill out the application. It took about an hour of effort saving $2500. 2. They did not give good tax advice on business or real estate issues. a. In 2019, I sold my home in Las Vegas to relocate to California and I was concerned about paying capital gains tax on the house because I only lived there one year instead of two years and asked if there are any tax considerations to consider. An Anderson Advisor informed me that gains tax had to be paid! A few days later I reached out to an old friend about the issue. He then showed me the IRS publication on the homeowner sale tax exceptions and – it shows that this tax exception is pro-rated! (i.e. at one year your exception limit is 250K instead of the 500K at two years) Anyways, this old friend is now my accountant.

My husband and I zoomed in on the last Infinity Investing seminar. It was very enlightening and informative. We were very intrigued by the mobile home real estate market. My husband knows the stock market but I am not very savvy in this area. I would prefer questions and answers to be answered outside the seminar. Toby is very knowledgeable and does not high pressure sales you. He really wants people to succeed, create wealth, and create a legacy. Toby needed to let the guest speakers give their presentation instead of interrupting so much. He also needs to give more breaks and stick to a more regimented schedule. I had been a client of Anderson but decided that I was not creating enough income to use them. They did not respond quickly to questions. Overall we were glad that we attended the workshop.