How to Choose the Right Entity for Real Estate
Friday, August 10
"THE TAX SIDE OF ENTITY STRUCTURING"There are three main aspects of entity structuring: legal, tax and compliance.The goal is to find one that meets all three criteria. One size does not fit all. Structures can be changed.Ease of compliance - What are the compliance requirements? - annual filings...
Ten Reasons Not To Use Corporations for Real Estate Ownership
Friday, July 13
Why use an LLC partnership instead of a Corporation?LLC-partnerships avoid the following corporate disadvantages by default (automatically); by election; or by planning. When referring to a partnership the term “partner” includes a member of an LLC or more specifically of an LLC-Partnership. Su...
6 Top Reasons to Set Up a Solo 401K
Friday, July 06
What is a Solo 401k?A Solo 401k is a great retirement plan for self-employed individuals or business owners with no employees or part-time employees only. Business types such as sole proprietorships, family businesses, partnerships and corporations can take advantage of what the Solo 401k has to ...
Entity Structure Questions & Answers (Part 4)
Friday, June 15
This is the final part of our series on Entity Structuring Questions and Answers.QUESTION: "A client came to me and asked why he did not get any stocks from an LLC. I told him that LLC does not issue stocks. He told me that he once went to an attorney to set up a LLC. He keeps insisting that the ...
Entity Structure Questions & Answers (Part 3)
Friday, June 08
This is part 3 of our series on Entity Structuring Questions and Answers.QUESTION: I have a rental property in Colorado and have created a Colorado LLC to hold it. However, I bought the property under my own name and have a small mortgage under my name. The mortgage company won't let me transfer ...
Entity Structure Questions & Answers (Part 2)
Friday, June 01
This is the second of a four part series of Questions and Answers related to entity structuring.QUESTION: A few years ago I entered into a partnership with my brother and a couple of friends. We purchased a single family house to rent out. We (over)paid around $127,000 for the house. The property...