Articles
Holding Company
When real estate investors decide if it is necessary to form a separate holding company or “ownership entity” to own their real estate, there are several questions they should ask themselves. The ultimate goal in making your decision should focus on what impact an ownership entity will have on your bottom line.
Incorporation Reduces Disaster
You have heard the old adage......forming a business entity reduces liability. This is true and it is also true that forming a corporation is an effective tool for managing your business. There are five principal advantages to incorporating: liability protection; tax savings; increased credibility; investor attraction; and longevity.
Corporate Simplicity
Many small and growing business owners are bogged down in the day to day activities that are required to keep their business running strong. Wouldn't you jump at the chance to be more efficient at those daily tasks and provide more growth potential for your business? The structure of your business provides the building blocks necessary for you, the owner and rainmaker of your company, to focus on the important areas of your business - efficient management and business development.
Independent Contractor
Many small and growing businesses try to avoid expenses by creating independent contractor agreements with those they hire to assist them in the operation of their business. The anticipated benefits to a business owner seem to be quite obvious at first glance. If a business does not have employees, it does not have to pay social security, medicare, and unemployment taxes. Not to mention the dreaded and enormous worker's compensation insurance premiums crippling many small businesses.
Entity Selection
Perhaps you know what you want to do, what you want to sell, what type of service you want to offer, and where you want to retire when you make your first million . . . . . . but what kind of a legal entity do you want to form? It is the legal entity that you choose as the foundation of your business that will allow you to reach your goals.
Building Your Business In 2008
The legal entity that you choose as the foundation of your business, one that will allow you to reach your goals and surpass what you thought was your potential. Choosing the right legal entity can be a challenging, overwhelming, and daunting task and many small and growing business owners are too bogged down in the day to day activities that are required to keep their business running strong to focus on future planning.
Articles
- Trustee Liability
- Inheritance - Gift Or Entitlement
- Gifts To Care Custodians
- No Contest Clause
- Trusts
- Total Asset Protection
- Value-Added Lawyering
- Supreme Court
- Judge McLafferty
- Buy/Sell Agreements
- Holding Company
- Incorporation Reduces Disasters
- Corporate Simplicity
- Independent Contractor
- Entity Selection
- Building Your Business In 2008