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22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
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31 January 2025 | 22 replies
However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.
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9 January 2025 | 15 replies
I'm wondering if a BLOC could help to build my business credit.
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27 January 2025 | 7 replies
@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?
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19 February 2025 | 25 replies
They are all pretty the same this one cash flows the least amount but has some additional upside.
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19 January 2025 | 5 replies
Ask for a line of credit.
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10 January 2025 | 6 replies
So, you will need to stand behind the LLC's debt even though the debt will be in the LLC's name and not on your credit report.3.
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3 January 2025 | 2 replies
Seller financed (probably) won't be reported to the credit bureaus and so won't impact your credit score at all.
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14 January 2025 | 28 replies
Then they'll charge an additional $2,400 for filing tax returns.
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18 January 2025 | 13 replies
Additional resources and tools via brokerage....