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17 December 2024 | 11 replies
If you do you may run the risk of piercing the corporate veil of your LLCs making you personally liable for business debts.
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24 December 2024 | 25 replies
I believe it is a larger issue than what we define as the economy, which is mostly measured in corporate profits and Wall Street performance, this is not what the average person perceives.
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13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
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16 December 2024 | 1 reply
Indeed, the FAIR ordinance is anything but fair to non-corporate landlords, seemingly punished for investing in rental houses to generate income as an alternative to stocks and bonds.A handful of opportunists likely could learn to exploit these new rules, preying on otherwise law-abiding landlords to obtain legalized shake-down payments.
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14 December 2024 | 11 replies
HelloHas anyone had experience with an Eric Lee from Sowae corporation?
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30 December 2024 | 103 replies
I want to bring on one more top agent and also hire another admin to take more work of my plate.On a personal side, we are going on 6 trips each year (sounds amazing, but I still work more days in a year than in my former corporate life, because I usually don't get weekends off).
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15 December 2024 | 12 replies
It would be nearly impossible to prove out price or pace here, meaning we would likely not be able to get corporate approval for the investment.
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8 December 2024 | 1 reply
Quote from @Joe Farrance: Hello, Currently my business owns a piece of property that is paid for and has a corporation tied to it.
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19 December 2024 | 82 replies
Open a corporation and start building business credit.2.Leverage Credit to Multiply Capital: With strong business credit, you can secure $50K to $250K in funding through business credit cards and lines of credit.
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11 December 2024 | 0 replies
Without solid credit, even the best structure can be challenging to leverage.Curious to hear how others in this community are structuring their businesses—are you sticking with an LLC, making the jump to an S-Corp, or considering something else entirely?