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19 November 2024 | 12 replies
Any transfers should be made through the owner of the LLC and not another LLCSo you make a capital contribution or capital withdrawal.
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20 November 2024 | 6 replies
I definitely prefer to be an asset and not the kind of small business person that doesn't enrich or contribute.
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20 November 2024 | 2 replies
Thank you in advance for your advice and connections – looking forward to contributing to the community as well!
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22 November 2024 | 4 replies
If I am in your shoes I would buy 2-4 units, get a conventional loan, ask the sellers to pay for the max contribution (3%) towards closing costs.
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21 November 2024 | 39 replies
Holding EXEMPT (from bankruptcy forfeiture) assets, holding assets in exempt entities (retirement accounts, pensions, IRAs, in some states insurance and annuities), homestead exemption, remote entity protection (LLC, Serial LLC, Corporations, Limited Partnerships,) Asset Protection Trusts, using separation of assets for married individuals (in certain states) charitable remainder trust, etc. can be very effective though can be costly.
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21 November 2024 | 1 reply
Keep tracking equity contributions, as this will be crucial when transitioning property B into a rental or selling your share.
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18 November 2024 | 1 reply
@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.
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10 December 2024 | 100 replies
Since this is minimal service, to minimize your hourly payroll time, you could consider a solution like ZenDesk for client question intake, and have a VA respond as appropriate and escalate to a licensed agent, though this will have the knock on effect of requiring more systems or contributing to lower client satisfaction when they can't reach an agent.
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19 November 2024 | 2 replies
Obviously, there are other factors that can contribute to the cost.
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14 November 2024 | 1 reply
Instead, I have established a donor advised fund (DAF) for charitable giving during and after my death.