LLCs Archives - Bronchick & Associates, PC

23Jan2020

Nevada Corporation Scams

Asset Protection, Business Law, Colorado Law, Corporations, LLCs

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. […]

21Dec2019

Converting a Single Member LLC to an S Corp

Business Law, Colorado Law, Corporations, LLCs, New York Law

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

15Oct2019

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

Business Law, Colorado Law, LLCs, Real Estate, Self Directed IRAs

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 […]

12Sep2019

Form an LLC in Colorado – Bronchicklaw vs. Legalzoom

Asset Protection, Business Law, Colorado Law, Corporations, LLCs

Many 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 […]