You work hard for your money, right? You’ve spent countless hours building your business to what it is today. Yet, in one swoop, it could be all gone…along with all of the money in your bank account. Wait…what?! It’s true. It blows my mind to think there are business owners out there who don’t separate […]
It might feel like destiny when someone really gets your business vision. But should you add them as members to your LLC? Here’s what you need to know.
One of the most important steps in real estate investing for beginners is understanding what a Series LLC is and how it can help your business.
You don’t NEED everything right away in order to start showing profits. In fact, if you can start your business lean, you’ll be better off in the long run. Businesses make their biggest financial mistake when they start spending money they don’t have.
It doesn’t matter if you want to take on more of a landlord-style role, flip homes, or deal in commercial real estate — knowing how to start your real estate investing business is the first big step toward success in this dynamic field of opportunity.
There are several reasons why you should form an LLC for each separate real estate property, which we’ll outline in the following section.
If you are a green card holder (also known as a “permanent resident” by the U.S. government), you can perform any “legal work of your qualification and choosing.” These rights include the freedom to start a business in accordance with the laws of your state.
Learn more about rules that apply to naming your LLC in each state.
If you’re looking for the best way to legally organize, protect, and manage your real estate investments, one of the best approaches is to form an LLC.
Let’s take a look at how the new tax law impacts disregarded entity LLCs, as well as some other reasons business owners benefit from this type of organizational structure.