If you are buying bargain houses, this is a warning. The banks have put together bundles of 200 – 500 houses and sold them for pennies on the dollar to investors. The investors have turned into seminar promoters, built fancy websites, and hit everybody with a names
The hot shot speakers and the hot shot lawyers go through elaborate asset protection plans where one trust owns the corporation or LLC and then that company owns another trust. One of the favorite structures is for a corporation to be the general partner of a limited
There is a lot of confusion as to the taxation of an LLC (limited liability company). The LLC does not have its own “tax structure” under the IRS code. Corporations and partnerships have their own tax structures. In a partnership, partners divide up the profits and losses
LLC Dissolution on the death of a member needs to be handled by the LLC Operating Agreement. I recently handled a case where a successful businessman came in with what appeared to be a fairly comprehensive estate plan. He wanted to simply ask some questions and look
