Forming an LLC in a state different than where it does business in means increased fees. Moving LLCs to where they should be will save you in the long run. There are several options available for moving LLCs, depending on what state your LLC is formed in and where you want it moved to.
Read more →We are often asked whether it would be a good idea to have your spouse as member in your LLC to make it a multi-member LLC. When you are looking for another member in your LLC, the best solution is to have a member who is not […]
Read more →Sometimes it is just a little thing that can trip you up. For years I had the same big accounting firm do my taxes. As it turns out, they had me coded as a retail store owner. I’m basically a professional speaker. A retail store owner doesn’t fly 200,000 miles in a year, so that was an automatic flag. I was getting audited at least once every five years.
Read more →The truth is that running your business in the form of an LLC, whether it is taxed as a sole proprietorship, partnership or corporation, makes good tax sense.
Read more →You have spent your life working to build your business, but how much effort have you put into protecting it? And beyond lawsuits, the sad truth is that many small businesses don’t survive the death of the founder.
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 →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 […]
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