Category: LLCs

Converting a Single Member LLC to an S Corp

Converting a single member LLC to an S corp may be a good move for many small business operators. Many people mistakenly set up a single member LLC when they should be using an S corporation.  The main reason a small business entrepreneur would use an S corporation over a single member LLC is the […]

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Nevada Corporation Scams

Whenever hear one of those Nevada corporation scams ad on the radio it makes me cringe.  While Nevada corporations are appropriate in certain circumstances, they have little value for real estate investors outside of the state of Nevada. Here’s the reasons the promoters give for using Nevada corporations, and my debunking of them: 1. No […]

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Using a Land Trust with LLC as beneficiary – A Powerful Combo

Using a Land trust with LLC as beneficiary is a powerful combination for landlords and real estate investors. Many landlords title properties in an LLC for protection.  While this may provide liability protection for the owner, it does not afford any privacy.  If you look up the LLC online at the Secretary of State website, […]

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Form an LLC in Colorado – Legalzoom vs. Bronchicklaw

Many people flock to websites like LEGALZOOMTM to do their LLC filings to form an LLC in Colorado.  The #1 reason they do is because they think it’s easier and cheaper than using a lawyer. Let’s compare… Cost – at first blush Legalzoom.com is only $99, but if you want a tax ID#, an operating agreement, […]

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