Protecting your assets is an essential part of financial planning, whether you are just starting out or are already established. Your assets are what you have worked hard for, and you want to make sure that they are secure and protected. Here are some tips for protecting your assets: Protecting your assets requires planning, diligence, […]
Considerations for Forming an LLC for Real Estate
For individuals who own real estate, it is important to consider the best way to structure your ownership. You may at first hold title to the real estate personally, but that may not be the most advantageous method of ownership. Another option is to create a limited liability company (LLC). An LLC is a type […]
Voting Rights in LLCs: Who Has a Voice?
On average, 4 million new businesses are started each year in the United States. Many of those businesses are organized as limited liability companies (LLCs). Combining the benefits of a corporation and a partnership, an LLC protects its members’ personal assets from business liabilities, avoids double taxation, and provides flexibility regarding its operations, management, and […]
Benefits of a Limited Liability Company for Real Estate
For individuals who own real estate, it is important to consider the best way to structure your ownership. When you are just starting out as an investor in real estate, you may hold title to the real estate personally, but that may not be the most advantageous method of ownership. Another option is to create […]
Do You Own Rental Property? How Proactive, Comprehensive Estate Planning Can Help You Protect It
A comprehensive estate plan should address all of your assets. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts, like your checking and savings account; and (3) personal property. Other types of assets – such as life insurance, retirement funds, and annuities – should also be considered […]
Can My Professional Corporation Be Held By My Trust?
A dentist, doctor, lawyer, architect, and a psychologist, all friends, are out to dinner and get to talking about the future of their respective practices. They each have been successful and want the peace of mind that their practice and their families are protected should something happen to them. Each of them holds a professional […]