How do you make a change or amend an LLC (Limited Liability Company) or corporation once it the documents have been filed? When you find an error in your documents, or one of your business associates decides to move into another area, or you change address, how […]
Read more →As with many aspects of LLCs, whether it is advisable to be using an LLC to day trade depends on the circumstances of your particular business. There are three aspects to the decision as to whether or not to use an LLC to day trade or use an LLC to trade stocks: management, taxes, and asset protection.
Read more →LLC OWNERSHIP LLC Ownership has many advantages, but should be set up properly. Recently a student asked me about whether a corporation should be the holding company (daddy corporation) for all of their real estate investment LLCs. I would love to hear your comments. Use the box […]
Read more →If you neglect to choose a tax structure for your LLC, the IRS will choose one that may not be in your best interest.
Read more →How an LLC is taxed is a complicated question. This is because an LLC doesn’t have a unique “tax structure” under the IRS code. Corporations and partnerships have their own tax structures, but an LLC does not. An LLC is not a partnership or a corporation. An […]
Read more →LLC startup mistakes can cost a small business more than they should when the business is sued or hits a rough spot. LLCs (Limited Liability Companies) are a good foundation for business, they protect assets, are easy to run and offer great tax advantages. However there are […]
Read more →What’s in a Business Name? Registering a business name is one of the first steps to take in business formation. Shakespeare wrote, “What’s in a name.” In business, the name can become one of its most important assets. It is often difficult to pick the right name. […]
Read more →Corporate formalities and commingling assets are critical items when running a business. Commingling assets is when assets from different sources are inter-mixed inappropriately. For instance, if the fiduciary of a trust mingles the trust funds with his personal account, he breaches his or her fiduciary duty by […]
Read more →LLC Dissolution LLC dissolution is usually handled as it is directed in the LLC Operating Agreement. It might seem that this is obvious and easy to take care of. However because of the choices that must be made when an LLC is made, this can be a […]
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