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…
Why Single Member LLCs Don’t Work in 45 States
BY Admin | June 6, 2017A limited liability company (“LLC”) mixes the tax benefits of a sole proprietorship or partnership with the asset protection of a corporation. It also has fewer formalities than a corporation, making it more cost-efficient and easier to meet filing obligations. Based on the many benefits of LLCs, it is easy to see why it is…
Caution: Lack of Knowledge About LLCs May Be Harmful to Your Financial Wellbeing
BY Admin | May 31, 2017A limited liability company (LLC) is a business structure that combines the benefits of both a corporation and a sole proprietorship or partnership. It offers pass-through taxation, if elected, with the added benefits of asset protection. LLCs are an excellent solution for business owners in many situations, but they may not be the best choice…
Personal Vs. Business Asset Protection: Which is Better?
BY Admin | May 26, 2017We live in a highly litigious society in which people can be the recipients of lawsuits whether they are at fault or not. If, for example, a friend of your daughter’s borrows the family car and accidentally accelerates when she was intending to brake in a parking lot, the resultant crash through a storefront window…
Private Corporations, Asset Protection, & Tax Reductions
BY Admin | May 24, 2017Not all corporations are created equal. When many people hear the term “corporation,” they often think of a huge business with hundreds or thousands of shareholders and thousands or even millions of dollars in profits. While this is true of some corporations, most corporations in the United States do not fit this description. In fact,…
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