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25 October 2024 | 6 replies
You are going to be thousands in the whole before you ever start and any cashflow you get from a rental will be eaten up in tax and corporate filings.
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24 October 2024 | 2 replies
You will want to run projections on each individual property to ensure that it will produce enough revenue during peak season to cover your low season months.
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24 October 2024 | 29 replies
Every state has a dept of corporations where their info should be filed.
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24 October 2024 | 3 replies
In CHS, the county assessor has a two page form that you complete and file with the assessor's office, similar to applying for the legal residence exemption.
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25 October 2024 | 4 replies
I definitely would want the mail to go to the correct place.If someone wanted to sue you, the fact that you ignored changing your address would be a good argument that you are not maintaining corporate formalities, potentially having the protections of your LLC ignored.Most states have annual filing requirements for the LLCs so that would be a good time to update it.
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28 October 2024 | 30 replies
Getting financed when ready is no issue.The Market choice, and then the building of the infrastructure that will produce solid opportunity is very, very hard.
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25 October 2024 | 4 replies
Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.
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25 October 2024 | 66 replies
I filed a consumer complaint with the FTC about 4 months ago and haven't heard a response.
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24 October 2024 | 19 replies
When a foreign LLC wants to do business in Arkansas, it must register with the Arkansas Secretary of State and pay the $300 state filing fee ($270 online).
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29 October 2024 | 15 replies
You can file a protest to tax values in the Spring.