Blue Collar Wealth

Blue Collar Wealth

Presented by Stone House®

Presented by Stone House®

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059. Gas Lease Owners' Common Questions About FLPs

In this episode of Blue Collar Wealth presented by Stone House®, join Bob Brown, CFP® as he answers the most frequently asked questions of gas lease owners about managing their acreage with a business entity, like a FLP or LLC. As of the day this video airs (June 7, 2023), we have one more live seminar coming up for gas lease owners interested in learning more about managing their acreage this way. If that’s you, RSVP to the seminar happening on June 14, 2023 in Montrose, PA. Click here for details and to sign up. 
At our first live seminar on this topic of managing acreage with a business entity, these were the common questions that came up from attendees:
  • How much land should you transfer into an LLC?
  • How can I make sure I’m not liable for injuries that happen on my property?
  • How do I leave this with my kids? 
  • ​What type of entity should I set up?
  • ​If they already have an entity set up—Can I and should I change to a different type of entity now that times have changed?
  • ​How do I prepare the next generation to take this over? 
Of course, with each client, our answers will vary as our approach is centered around understanding their unique financial situation and objectives.  

Running through these questions, though, gives you a sense of how important it can be to work with professionals who can consider your unique situation—your specific lease agreement, your business entity wishes, your family structure and who’s involved, and other major factors—and offer personalized guidance.  

On the topic of business entities and managing acreage, we’ve teamed up with Paul T. Rushton, Esq. Of Rosenn, Jenkins, & Greenwald. He was featured in this past Blue Collar Wealth episode and is presenting live at our live seminars. To connect with Paul, visit his firm’s website at
And remember: we have one more LIVE SEMINAR coming up in Montrose, PA on Wednesday, June 14, 2023. To reserve your seat and get more information from Bob and Paul on this topic, click here and RSVP

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Reserve Your Seat at an Upcoming Natural Gas Seminar

Light meal and refreshments will be served!

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