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.

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.

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 [...]

Last week I covered the tax structure for a Utah LLC in conjunction with the release of STARTright to form a Utah LLC.   We released California this week and on Thursday, I will write about California’s tax treatment of the California LLC.   Today I am going to  expound on the general LLC tax concept which [...]