A CPA friend of mine recently sent me a list about LLCs that he had sent out in a newsletter. I let him know that his source for newsletter information doesn’t understand a fundamental basic concept of LLCs–that the LLC tax structure and legal structure are totally
A lot of people misunderstand or get confused when we talk about double taxation. The double tax commonly talked about only occurs in the context of a corporation or LLC taxed under Chapter C of the IRS Code. This is commonly called a C corporation. Please note
You don’t always have to to have an expensive legal structure to pass on small amounts after death. Banks decided several decades ago that they wanted to let people avoid probate on their savings accounts. They established what are called Pay on Death accounts or PODs. In
People play lots of games to try and avoid probate. Most of the games end in a disaster for most of the players. Usually, it’s the government that ends up with the money and the last laugh. I’m trying to help you avoid these costs, but I
