What if you're a cardiologist with no debt and making $250,000 annually?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Any amount above the annual gift tax exclusion ($17,000 for 2023) counts against your lifetime exemption.

Penalties begin on day 31 if you do not file.Ongoing Annual Filing & Maintenance:Changes to Beneficial Ownership = 30 days to report change to FinCen!

What about Debit Cards attached to a checking account?

I also just got this email about a renewal (only a partial quote) :Effective January 2, 2025, annual subscriptions will be priced at $179, and $129 for add-on units.

Quote from @Jordan Meltzer: Hello - I own a mid term rental business that cashflows about $300-$400K per year annually and I split the proceeds with another owner. 

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?

If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.  

Went a bit heavy on the annual taxes due to the increase in the area the past few years.