LLC vs S Corp? Which should you chose if you are starting a business? You have probably heard of both types of entities, but you may not know much about either. The LLC stands for Limited Liability Company. The S Corp stands for a type of Corporation. […]
Read more →Multi Member LLC s vs Single Member LLCs When forming an LLC, it is good to know that multi member LLCs offer the best charging order protection. First let me explain the history of charging order protection, and then it is easier to understand the precarious position […]
Read more →Single member LLC and charging order discussions are coming up a lot more these days. Folks may have heard that a single member LLC is bad, but they don’t know why. They like the idea of a single member LLC so they don’t have to give away […]
Read more →Free LLC Documents Free LLC documents are always a temptation, but are they a good Idea? Let’s face it, when you are starting a business you usually don’t have a lot of money and you save where you can. If you could download free LLC documents that […]
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 →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.
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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 […]
Read more →Property Holdings Question: Property holdings what do you recommend? A different Trust for each individual property I own? K. Hoover Answer: Property Holdings should be in separate legal entities. This not only a good idea for asset protection purposes, it will make management easier. A misguided scenario […]
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