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.
When to Use a Benefit Corporation
A Benefit Corporation will need to exemplify various practices and policies that show you are more concerned about benefiting the public through social or environmental causes than simply making profit.
What is a Registered Agent
Since an LLC or Corporation is not an individual, it cannot have process served on it unless someone is appointed to serve as an ‘agent’ for the company. All 50 states require that such a person be appointed- This person is the Registered Agent.
Can I Use A Sole-Proprietorship For Now?
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.
Piercing the Corporate Veil and Protecting Yourself
Many small business owners who operate under a corporation or LLC have heard of the term “piercing the corporate veil,” but very few have a complete understanding of its meaning and implications. We set up entities for ‘protection’, but that protection is not automatic. We have to protect the corporate veil and maintain the company […]
The Truth about Asset Protection- Part I
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.
Hobby or Business? Avoid the Hobby Loss Rules
Like many of us, you’ve probably dreamed of turning your favorite pastime into a regular business. What better way to be passionate about your business and make money at the same time.
Protecting Yourself From Your Rental
I don’t recommend relying upon an entity alone as your sole asset protection strategy. Instead, I recommend a multi-barrier approach that creates as many impediments as possible between you and any would be litigant.
