The internet is flooded with various articles that portray forming a Colorado LLC as the easiest thing in the world, and that you do not need a lawyer to help you with it. According to them, filling up the blanks in ready-made online templates is enough to form a Colorado LLC successfully. Although you can set up a […]
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Business entities come in so many types in Colorado that business owners can easily get confused. Here’s a quick guide that will hopefully shed a little light on business entities for you. Sole Proprietorship: A business owned and controlled by one person. The designation provides no protection from business liabilities. It is taxed on the person’s […]
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Many people are operating full or part-time small business and seeking to incorporate for tax reasons, professionalism, and liability protection. However, most of them are getting it wrong in choosing an entity. The popular thing to do is form an LLC (limited liability company) because it is simple and requires less formalities than a corporation. […]
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The Series LLC, while not available in every state, can be used in other states if properly done. This article discusses the feasibility in particular of using a Delaware Series LLC in other states that don’t have a Series LLC statute. The series LLC is a form of a limited liability company that provides liability […]
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By William Bronchick, Esq. Do you own real estate in your own name or an LLC? If so, you are a sitting duck for tenant lawsuits, the IRS and code enforcement. Whether you own in your own name or an LLC, the information is public about who’s behind the ownership of your properties, and that […]
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By Attorney William Bronchick Here it is, the official, “Top 10 Ways to Get Sued” – guaranteed! In our previous post, we covered the 1st 5 Ways to Get Sued and NOW in Part 2, we will cover 5 more ways! Here are numbers 6-10. 6. Try to Call Employees Independent Contractors. Many employers hire employees, but […]
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By William Bronchick, Esq. and Bronchick Law In this very short video, I will discuss the differences between using LLCs and land trusts for holding real estate. Listen and learn!
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By William Bronchick, Esq. Land Trusts can be a way to legally “smokescreen ownership of a property. Although it does not provide liability protection (this is done through a correct entity) it is an additional layer of protection against people that want to try to bring a frivolous lawsuit against you, among other advantages. It’s […]
Read MoreHow to Save Taxes with an S Corporation Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways: First, as compared to regular corporations (sometimes called C corporations), S corporation owners can use the business’s losses […]
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