Create An LLC
Maintain An LLC

A corporation’s share structure can ensure that a bad business partner both puts you at greater risk and gets something for nothing. Stay with an LLC to ensure fair distributions of equity and total protection.

In Part 2 of the Limited Liability Company operating agreement, I discuss the way the LLC is different from the partnership or corporation because it is not bound by a lot of case law that imposes fiduciary duties. We assess John Cunningham’s strategy for understanding the LLC Act, and how it helps us to write an effective operating agreement.

The LLC was created in 1977 by an unlikely state. The Limited Liability Company has since become the entity of choice for the majority of business owners. Read the history behind the LLC to get a better understanding of how this entity works.

It is becoming prudent in many states to add an additional member to your LLC. It is important however not to appear as though you are adding a straw-man member. All LLC members must have a legitimate interest in the LLC, but what is a “legitimate interest” may be a matter of perspective.

So you own rental properties, and you need to protect them. Do you form an LLC for every single rental property? Or do you throw all the eggs into the same basket. I discuss it here.

Forming an LLC is the right decision for almost any small business owner or partnership. Most business owner’s are worried about three issues when starting their business. Those issues are 1) start up costs, 2) lowering tax liability, and 3) liability protection. I will discuss how forming an LLC is the best solution for each of these.

For those who do not know, STARTrightllc.com is a new web site where business owners may go to create and maintain an LLC. The Utah LLC was the first to be available this summer in July. The California LLC and the Arizona LLC followed quickly in late July early [...]

Especially useful for small business owners, the LLC can mold to almost any business model.  Most of the concepts explained below are better explained in the STARTright videos available in your member account.  Limited Liability Companies mesh the best parts of the corporation and partnership.
Like anything, an LLC is weak when used in ways it [...]