Real State

New Law Brings Great Relief for Californians

BY Admin | March 1, 2021 After years of having homestead laws that were supposed to protect the homeowner, the state of California has finally decided to play the game with the right game piece. State homestead exemptions give protection, up to a certain dollar amount, to a debtor, to protect a home and its equity from seizure by a judgment…
Real State

Understanding Corporate Veil And How To Maintain It

BY Admin | September 24, 2022

Initiating or adequately using a Limited Liability Entity (LLE) may create a fictional “veil” or “shield” between the LLE’s owners with its creditors. To set up a corporate veil for yourself, you must understand how they work. Undertaking Necessary Formalities Companies must observe formal laws, and although LLCs do not have similar demands, most of…

Real State

How Does A Limited Partnership Protect Your Assets?

BY Admin | September 19, 2022

Limited partners do not get held personally liable for the debt. This implies that a limited partner cannot be forced to pay off company debts or liabilities with personal assets. A limited partner might still lose their financial investments in the company. Read on about how a limited partnership can protect assets. Liability Protection LPs…

Real State

5 Strategies To Maximize Your LLC Asset Protection

BY Admin | September 14, 2022

Applied broadly as a law, if an LLC cannot fulfill debt obligations, the LLC’s creditors may seize the LLC’s bank account or other assets. However, the owner's personal assets, including homes, cars, or bank accounts, are safe. Here are some ways to maximize LLC asset protection. Maintain Your LLC As An Independent Entity With corporate…

Real State

5 Advantages Of Creating An LLC For Asset Protection

BY Admin | September 9, 2022

The benefits of an LLC are personal asset protection, taxation or operational practices flexibility, and lower criteria. Personal Liability Protection A significant benefit of starting an LLC is that this distinguishes your private assets from your business. This protects your car, property, or bank reserves if your business gets sued or defaults on bank loans.…

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