When to Use the Domestic Asset Protection Trust (DAPT)
When it comes to safeguarding hard-earned assets from creditors and lawsuits, EVERYONE is looking for something that can provide security and peace of mind. A Domestic Asset Protection Trust (DAPT) has the ability to check both of those boxes Whether you’re a business owner, a high-net-worth individual, or someone looking to protect their financial future, […]
How Many Properties Should I Put in My LLC?
I believe in smart investing, not overcomplicating. Setting up an LLC for every rental property might seem like a great idea, but for the majority of investors, it’s just a costly and inefficient move—especially when equity is still building.
Why a Series LLC May be Right for You
If properly created and maintained, the Series LLC may be an extremely useful tool for investors with multiple investment properties.
Subcontractor vs Employee – 7 Warnings
The IRS consistently warns taxpayers to not get caught paying ‘employees’ as ‘sub-contractors’. But believe it or not, the IRS, may be the least of your worries. There are 7 deadly results that could occur by trying to call an ‘employee’ a sub-contractor when it’s truly not the case.
5 Steps to Get Out of Debt and STAY Out of Debt
Go into debt. That’s right…but “Good debt”. I want you to use good debt to buy rental real estate, start or expand your business, and build additional cash flow. You may even enter into debt for a modest home if you are renting. Many consider a modest auto loan or home loan profitable debt, IF it helps you make money by driving to a job and NOT paying rent to someone else.
Where to Set-up my Corporation or LLC
Choosing the State in which to set-up your corporation or LLC is actually a very straightforward decision. Don’t let someone talk you into setting up your new entity in Nevada, Delaware, Wyoming or Utah…just to name a few.
Is the Single Member LLC a Solution for Me?
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.
How to Use a Board of Directors or Advisors
Having a Board of Directors or Advisors will be a ‘support team’ in many ways; giving encouragement, advice, and guidance regarding your vision and goals.
Practical Checkbook Procedures for your Business to Succeed
As we have been working through tax returns for clients this tax season, it’s alarming to see how many clients aren’t maintaining their checkbook properly, or not even having a separate checkbook at all for each of the companies they own and operate.
