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16 April 2024 | 2 replies
Partnerships and corporations cannot be shareholders.To elect for S-Corp treatment, file Form 2553.
18 April 2024 | 83 replies
I know people paying cash in multiple states so theoretically it "cash flows" but I'm not a fan of paying cash Can you do MTR or STR in Fresno to traveling medical workers or corporate professionals so you have less negative CF vs.
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16 April 2024 | 11 replies
I've also heard some lawyers question whether or not the corporate veil is pierced by having the deed in an LLC and the mortgage in your name.
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15 April 2024 | 1 reply
Just a friendly reminder that the deadline to file Individual, Trust, and C-Corporation returns is today.
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15 April 2024 | 19 replies
He's here this weekend for actually two days: Friday p.m. from 3 to 6 he'll be talking about using QuickBooks in your REI business and Saturday from 9am to 5pm he'll be talking about building your entity structures for tax advantage, asset protection and estate planning, including how to pay your minor children without also having to pay SUTA, FUTA, FICA, etc. for them.I can't do this justice not being a legal / financial professional, but from what I remember, you DO NOT WANT to pay them out of an S-Corp or an LLC.
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14 April 2024 | 4 replies
I don't know about Texas but in North Carolina about 75% of the time you can find the LLC's owner name and home address by doing the following:Go to your secretary of state website (state not national)Look up the corporation nameAt least 75% of the time the LLC owner will register with themselves as the registered agent and their home address as the mailing address.If this doesn't work you're probably looking at more trouble than it is worth.
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15 April 2024 | 12 replies
Thus, the investment grows like it's sitting in a roth 401k/IRA Then when you die, your heir gets a step-up in basis, thus eliminating all the prior capital gains over decades, but only up to 13.6 mil this year :( Debt Funds (like mortgage note investing) can also be very lucrative but I don't know/understand the tax savings/issues in that class yet, still learning :) Equity REIT investing can give you great siloed real estate exposure in 11 major asset class sub-types, but don't offer the direct tax benefits as direct RE ownership does above, as the REIT gets those benefits when it transacts and as a corporation passes those benefits secondarily/indirectly onwards to us investors as high dividends and gradual stock price appreciation.
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18 April 2024 | 141 replies
We also sleep a lot and get up without an alarm clock, which after 20 years in corporate america has been probably my biggest luxury.
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13 April 2024 | 2 replies
A few years later a divorce attorneycame by, pierced the veil of my corporation and wiped me out.
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14 April 2024 | 885 replies
@Micah Markowitz I did look over the Midwest Corporate Credit website.