Create An LLC
Maintain An LLC

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.

Getting your personal life off the hook and protected behind a corporate veil is the primary reason for having an LLC. But in most real estate investment situations, the investors personal name remains upon the note rather than the loan being in the LLC’s name. I explore the ways in which to fix this, and how the banks see things.

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.

The following is taken from one of my favorite books on tax, David J. Cartano’s Federal & State Taxation of Limited Liability Companies.  He does a great job of writing plainly, and he really covers all the basis (it is a law/tax book however and so is still steep, deep, and dry).   I am writing [...]

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 [...]