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30 September 2024 | 8 replies
Does it make sense to buy the property first and then move everything over to the LLC or have it all set up first (foreign entity in CA) before buying the property(ies)?
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30 September 2024 | 1 reply
If you deed a property from your personal name to an LLC - especially a disregarded entity - it doesn't really do anything for taxes or asset protection.
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7 October 2024 | 34 replies
What about partnering up with other people / entities?
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2 October 2024 | 5 replies
To some entities, who put their top value at their coaching practice as profitability (which is of course okay, 90% of businesses are profit first-it's the norm!)
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29 September 2024 | 13 replies
Thanks, we have multiple entities and QBO has turned very costly as a result.
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1 October 2024 | 23 replies
@Mike DymskiLender will get a deficiency judgement and go after the other equity in those propertiesSo let’s say after foreclosure or traditional sale the borrower owes $400k, lender will get a judgment and slap it on those other properties and take the equity from thosePeople think “oh well they had them in different entities” - that doesn’t matter as a personal guarantee means they guarantee it and the lender can go after everything that person has including all their other LLC’s.
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30 September 2024 | 4 replies
Dissolving the LLC would require starting over with a new entity, which can be more time-consuming and may reset any business credit you've already established.To change the name, you can file an amendment with the Wyoming Secretary of State, which is straightforward and keeps the LLC intact while giving you a fresh identity.
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4 October 2024 | 17 replies
If you are out of state, you will need to find out where this company is located and contact the appropriate entity.
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1 October 2024 | 9 replies
Put them on as a minority member of your business entity/ LLC and you'll have no problem using their funds with just about any lenders.
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7 October 2024 | 190 replies
@Eric CarrI keep hearing a lot these days about bit coin supply being low but I have a hard time conceptually understanding finite supply of a digital entity that can be easily cloned (put it simply copy + paste) that is not the case with physical entities such as gold and real estate, anyone here can shed some light on this?