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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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 […]
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Using a Land trust with LLC as beneficiary is a powerful combination for landlords and real estate investors. Many landlords title properties in an LLC for protection. While this may provide liability protection for the owner, it does not afford any privacy. If you look up the LLC online at the Secretary of State website, […]
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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 […]
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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 […]
Read MoreThe 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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