Can I Sign a Business Interest to my Living Trust? Can I sign a business interest to my living trust? Absolutely! Your business may be your most valuable asset. You should protect it by putting it in you trust. Many advisers kind of forget about the business […]
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Asset Protection Which State Which Entity In building a bullet-proof asset protection plan, which state is the best to file a limited liability entity, Wyoming or Nevada? and which entity would be the most effective, an LLC, LP, “S” Corp or a “C” Corp, and what would […]
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LLC Entity Classification What is It and How to Get It? NS LLC entity classification and how do you get it? An LLC is short for limited liability company. Some people think and LLC entity classification is short for limited liability corporation, but that’s not right. An […]
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To Choose a Company Name To choose a company name when setting up a business is always a hassel. Often the name means the difference between success and failure. 1-800-CONTACTS started as a college senior project for a business school student. He got the right 800 number […]
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If you are doing an S corporation, the trust has to be a “special form” of living revocable trust. The trusts in the Accumulation and Preservation of Wealth Course are sub S qualified trusts, because of their wording.
Read more →Property Holdings Question: Property holdings what do you recommend? A different Trust for each individual property I own? K. Hoover Answer: Property Holdings should be in separate legal entities. This not only a good idea for asset protection purposes, it will make management easier. A misguided scenario […]
Read more →Beginning a business doesn’t have to cost much money. You can fill out and file the forms you need by yourself. Just be certain you take the time to be educated about the business form you use and why. I am bullish on the LLC.
Read more →Issuing Membership Certificates For an LLC Issuing membership certificates is one of the issues that seemed to be of particular interest at the boot camp we held last March. Issuing membership certificates is the way ownership is represented in the LLC. It is similar to “stock” held […]
Read more →Do I Need an LLC Lawyer? Cards Mobile Payments Do I need an LLC lawyer is easy to answer. When you compare an LLC, or Limited Liability Company, to a sole proprietorship or a corporation, it has many advantages: limited liability, great tax advantages, and that it […]
Read more →All three have an identical limited liability (corporate shield) protection. It protects the owners and management from liabilities suffered as a result of business activities. In the C corp vs S corp vs LLC decisions, the limited liability shield isn’t really an issue, because each gives good protection.
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