Category: Colorado Law

Colorado IRA LLC Lawyer

A Colorado IRA LLC Lawyer is who you need to talk with if you have a self-directed IRA.  A self-directed IRA can be cumbersome if you own assets such as real estate rentals because you need to direct the custodian for every transaction – rental income, expenses, mortgage payments, taxes, repairs, etc.  You need to […]

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Quick Guide to Colorado Business Entities

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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Guide to Colorado Business Entities William Bronchick

Business entities come in so many types that business owners can easily get confused. Hereís a quick guide that will hopefully shed a little light on business entities for you. Business Entities “C” Corporation: A corporation whose shares are held by shareholders. The entity stands apart from the shareholders for legal and tax purposes. The […]

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Nevada Corporation Scams

Whenever hear one of those Nevada corporations 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 are the reasons the promoters give for using Nevada corporations, and my debunking of them: 1. […]

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All About Criminal Background Checks

Courtesy of William Bronchick, Bronchick Law Although my legal practice at Bronchick Law normally doesn’t deal a lot with background checks, there are times when it may be either appropriate or even necessary. Background checks are a useful screening and selection tool for companies. Of the many types of background checks, criminal background checks are […]

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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

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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Landlord Tenant Laws and Tenants’ Rights in Colorado

Tenant rights in Colorado are not too strong, as Colorado is a fairly low-regulated state when it comes to landlords and tenant’s rules, particularly single family homes.  This may change as vacancy drops to new levels in Colorado and landlords are in the driver’s seat, potentially giving unscrupulous landlords the unfair advantage. Some landlords may […]

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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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How to Pick a Good Colorado Real Estate Attorney

No real estate course or seminar is a substitute for a good Colorado real estate attorney. Finding a good Colorado real estate attorney may be difficult since most attorneys are not themselves investors or familiar with creative transactions. Most attorneys will give you just enough advice to keep them from getting sued, but not enough […]

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