Core Insights - The discussion centers around the financial implications of creating a separate limited liability company (LLC) for leasing equipment back to existing businesses, emphasizing that there are no tax advantages to this approach [1][2]. Financial Implications - Establishing a separate LLC for leasing assets does not generate new income, as it merely involves transferring funds between owned entities, described as "moving from the front pocket to the back pocket" [2]. - Leasing equipment to oneself results in a financial wash, meaning it does not create additional revenue [2]. Risk Management - The primary benefit of setting up a separate LLC is for liability protection, which is a form of risk management [3]. - Separating assets into different entities can help mitigate damage in the event of lawsuits, as it limits exposure to liability [3]. - It is advised to keep the value of real estate within a single LLC below $10 million to avoid becoming a significant target for lawsuits [3].