Every week, if not every DAY, one of the attorneys in my office
There comes a time in the lifespan of just about every business when
I don’t know how this whole craze started and frankly, or who started the spread of misdirection and misinformation, but the LLC for all of its good and bad is here for the foreseeable future. Thus, I would be remiss not to tackle this important topic set the record straight.
Please realize that you actually may have a unique situation and there isn’t a one-size fit’s all approach or answer to a every new business situation. You will most certainly have a set of facts that are different from friend’s, mine or anybody else.
Thousands of business owners get taken advantage of each year with high priced asset protection plans that don’t come close to providing the protection they were promised.
As we all know, an LLC is critical for asset protection when owning a rental, but if you are doing business in Tennessee it’s critical you understand some additional rules for filing your entity.
Single-Member LLC’s have their place in the spectrum of business entity choices, and whether such an entity is right for you will depend on the details of your own personal situation.
I’m further convinced that fundamental asset protection begins with implementing affordable, tried-and-true strategies and simple habits.
This is a common question we are asked on a regular basis and
There are many myths about tax planning, business credit and asset protection sold by inexperienced and non-licensed professionals.