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 Attorney William Bronchick I’m going to show you in this short video how to set up your entities for real estate for maximum privacy, maximum liability protection and to help minimize taxes:
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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 […]
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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 […]
Read MoreMany people flock to websites like LEGALZOOMTM to do their LLC filings to form an LLC in Colorado. The #1 reason they do is that they think it’s easier, faster and cheaper than using a lawyer. Let’s compare… Review – LEGALZOOMTM is not a law firm, they just play one on TV. Seriously, famous OJ attorney Robert […]
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 […]
Read MoreBusiness entities comes 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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