Category: Business Law

Merry Christmas and Happy Holidays!

Merry Christmas and Happy Holidays! Let’s make 2020 the best year ever!!!  

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Happy Hanukkah to my Jewish Friends

    Happy Hanukkah to all my Jewish friends!  Sincerely, Bill Bronchick

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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 [...] Read More

Using an IRA to Buy Real Estate

If you want to retire safely, a regular saving to your IRA will do the trick, but if you are wiser and use the money to invest in real estate instead, you could retire richer than planned. Investing your IRA funds in real estate is a very good way to turn your money into tax-deferred or […]

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A Company Law Jargon Buster

Courtesy of William Bronchick, Bronchick Law Company law is full of confusing terms, and if you don’t know what they mean then setting up a company can start to look far scarier than it really should be. Read through this jargon buster and you should find it much easier to understand what starting up is […]

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Happy Thanksgiving!

  Happy Thanksgiving. Let’s spend time with loved ones and take time to appreciate what we have rather than what we don’t have!      

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How to Save Taxes in New York or Colorado with an S corporation

How 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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Business Entities – A Quick Guide

Courtesy of William Bronchick @ Bronchick Law Business entities come in so many types that business owners can easily get confused. Here’s a quick guide that will hopefully shed a little light on business entities for you. Be sure to consult with an attorney or accountant once you think you are headed in the right […]

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Critical Business Procedure – Keep All Email Communications!

Courtesy of William Bronchick, Bronchick Law Businesses routinely maintain copies of correspondence and memos. Far to often, however, they do not extend this practice to email correspondence. Email correspondence is no different than your normal paperwork. You must keep copies of all of it to protect your business in any litigation. Currently, only banks and […]

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Real Estate IRA in Colorado – the Self Directed Checkbook IRA LLC

The Real Estate IRA in Colorado… By now I am sure you’ve heard that it is legal, permissible, and profitable to invest in real estate using your self-directed IRA, SEP, or Roth IRA. If you’ve been using this technique, you know the drawbacks – delays in funding, fees from your custodian, potential lawsuits against your […]

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