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25 October 2024 | 66 replies
Doing so would protect against everything described above.
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23 October 2024 | 28 replies
How do you protect your STR from bedbugs.
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24 October 2024 | 19 replies
Just don't buy into the lie that it's necessary, that it's a 100% guarantee of protection, or that it needs to be complicated.Here's some generic advice.An LLC is useful for two things: anonymity and legal protection.
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25 October 2024 | 9 replies
Totally doable if that sounds like something you're willing to do.If you were looking to go that route, I'd recommend getting a Customer Relationship Management (CRM) software to keep track of leads and follow-ups.
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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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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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21 October 2024 | 4 replies
"Oh the customer insisted on buying the materials, it's not my fault"
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23 October 2024 | 5 replies
The long term goal is to do custom homes, starting with spec builds.
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25 October 2024 | 10 replies
As soon as you start discussing your business practice and strategies with your customers (tenants), then all bets are off and you run the risk of Fair Housing violations.
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23 October 2024 | 7 replies
I'm looking for ways I can "protect" this private lender.