Usually it is easiest and least expensive to form your LLC in your own state. You can act as your own agent and most states have made their LLC law competitive. You do need a registered agent for your LLC.
Read more →Different Answers from Attorney? Different Answers from Attorney? Why Does Each Attorney Give Me A Different Answer? Have you ever gone to one attorney and got one answer, them approached another attorney for a second opinion only to get a different answer? Often this leaves you more […]
Read more →How do I protect homes and other entities? What paperwork do I need to protect my assets such as houses, cash and some rentals? Dan, Connecticut How do I protect homes, bank accounts, rentals and other entities from lawsuits? It is not difficult. However it is important […]
Read more →Who should be the registered agent for my LLC? The registered agent is an important choice that must be made when forming anLLC or limited liability company. The person you choose to be your registered agent is responsible for all the legal and tax documents that come […]
Read more →There is one slight advantage to a single member LLC. If you are the sole owner of the entity (single member LLC) you can choose to be taxed as a sole proprietor or corporation (C or S). If you are willing to be taxed as a “sole proprietorship,” then you don’t need to get an EIN. You will still operate as an LLC, but it will be a “disregarded entity” in the eyes of the IRS.
Read more →How can you protect your assets ahead of time? There are certain questions you need to consider. How risky is your business? Are you a detail person? Do you have a family? What state are you living in? It is always a good idea to hold your home in your own name for tax reasons.
Read more →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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