Tag: business entities

William Bronchick

9 Mistakes New Real Estate Investors Make

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Is Wholesaling Properties Legal Without a License?

By William Bronchick, Real Estate Mentor and Attorney In real estate investing, if you buy a property, you wholesale it, you profit. Do you need a license to wholesale properties? In most cases, the answer is “no”. Real estate brokerage is an activity regulated by states on their own terms, thus each state defines which activities […]

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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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What is a Real Estate IRA?

By William Bronchick, Real Estate Coach & Attorney What is a real estate IRA? Many websites and companies advertise you can set up a “real estate IRA”.  Is there such as thing as a real estate IRA for real estate investing? Not really.  An IRA is an IRA, and if you choose real estate investing […]

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Employment Law: Attendance Rewards – What Are the Legal Ramifications?

Courtesy of William Bronchick Real Estate Attorney and Mentor -Bronchick Law If you were thinking of offering your employees special rewards as incentives for having good attendance records, then you must read on. In fact, employers that offer attendance bonuses may find themselves falling foul of the law. Let’s take an imaginary company; Royal Marketing […]

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Dealing with Competition in Your Real Estate Business

By William Bronchick & Frank Pulley  When you talk about competition and competitors in any business and the real estate business is no different. It can tend to strike fear into the hearts of many investors who are in direct competition with them. The fact is, for most of us, our competition is here to […]

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Beware of Hidden Fees for Online Corporate Filing Services

An investor I know formed a company in Indiana last year using a big name corporate filing service. He just got the annual billing for registered agent service – $225!!! A registered agent is someone in the state of the formation with a physical address that can be served in a lawsuit against the company. […]

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The Feasibility of Using a Delaware Series LLC in Other States

By William Bronchick, Attorney and Real Estate Mentor The Series LLC, while not available in every state, can be used in other states in real estate investing if properly done.  This article discusses the feasibility in particular of using a Delaware Series LLC in other states that don’t have a Series LLC statute. It can […]

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10 Things Your LLC Operating Agreement Should Contain

Most “DIY” startups will form an LLC by filing articles of organization with the state and obtaining an EIN number. While these two steps are the start of a company, it is the MINIMUM that one should do when forming an LLC. If you have two or more owners (“members”) in your LLC, it is […]

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Free Consultations with Lawyers – You Get What You Pay For

When people are facing a legal issue, they are often attracted by free consultations offered by some lawyers. Getting some kind of legal help without paying a dime is a rare opportunity many wouldn’t want to miss, but only for those who don’t know what they can get from it. There are lawyers who offer […]

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