The Perils of Investing with Friends, Family and Church Members

perils of investing with friends family and church members

Every week our firm gets call from clients around the country who have lost money by investing with friends, family or neighbors they trusted—but who were not licensed to sell securities or did not properly document the relationship as a partnership.

Why Buy Your Parent’s Home and Rent it Back to Them

why buy your parent's home and rent it back to them

There are several ways to handle a parent’s home depending on their particular health or financial situation. At a bare minimum, your parents should have a Revocable Living Trust to ensure the orderly and effectively transfer of the home to the family and avoid probate in states where the expense is significant.

Can I Use A Sole-Proprietorship For Now?

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.

Seller Financing and Installment Sales – What are the Tax Implications

seller financing and installment sales - what are the tax implications

With the difficulties that have arisen in the lending market and a typical buyer’s ability to obtain a standard loan, many sellers have decided to “carry their own paper”. For those unfamiliar with such a term, we are talking about Seller Financing where you play ‘bank’ and now you have the precarious reporting requirements with […]