The horrendous events which transpired in Tucson, Arizona this past weekend should make all of us pause and take stock in our lives. Along with five other people, a nine year old girl was shot and killed because she was in the wrong place at the wrong time. The killings were the act of an obviously crazy man. Unfortunately, that is the type of society we are living in. No matter how much we try to live a good, decent life, fate occasionally plays a big part of it. Our lives can be ended at the snap of the fingers. So, ...
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The 112th Congress was sworn in today and they will begin their work tomorrow. But, what does this mean for those of us who own assets? Will this Congress be better than the last one? Will they do their jobs and pass legislation which is both constitutional and begin to solve the problems our nation faces? Or will partisan gridlock continue on unabated? The 111th Congress passed, in December, legislation to keep the “Bush tax cuts” in place. So, for the next 2 years there will be no income tax increases and payroll taxes will actually be reduced for one year. But, ...
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We are frequently asked: “What type of entity shall I utilize?” The answer to that is a lot more complicated than it first appears. And, the question really doesn’t get to the main issue. The correct question should be: “Will one entity fulfill all my requirements for asset protection and tax reduction?” The answer to that question is: “Probably not, for one entity will not give you all the benefits you desire. In order to determine what, and how many entities you need for asset protection, you must look at the problem through both an asset protection perspective and a tax ...
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The State of Nevada has joined a growing number of states which permits the formation of a Series LLC. A Series LLC is authorized by NRS 86.296. The use of a Series LLC can be of great financial benefit to those of us who have multiple assets, particularly multiple pieces of real estate. Protecting Assets With A Nevada LLC The LLC in Nevada provides some of the strongest asset protection in the United States. Like most states, Nevada limits the creditor of a member (owner) to a charging order against the profits of the LLC. Pursuant to the terms of the charging order, ...
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The limited liability company (LLC) is a relatively new business entity. It was first used in Wyoming around 1975. It wasn’t until twenty years later that the LLC was recognized as a distinct business entity in all fifty states. The LLC is a versatile business entity. It may be formed in a number of ways. It may also be taxed in different ways. Manager-Managed Multi-Member LLC Most LLCs have one or more members [owners] and one or more managers. An LLC formed in this manner is called a manager-managed multi-member LLC. In this LLC, the manager is the individual or entity which manages the ...
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File your Nevada Corporation online with us!!! These words, or words similar to these, appear online hundreds, if not thousands, of times. The owners of those sites make it sound so easy. All you have to do is spend 5 to 10 minutes of your time and they’ll do the rest. It sounds good. You’re thinking: I just opened my business and I need a business structure in which to conduct my business. It won’t take much time, it doesn’t cost very much and then I’ll have my asset protection. So you decide to take the plunge and you file online ...
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