Using a Land trust with LLC as a 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 […]
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by Attorney William Bronchick As a landlord, you should be aware of some of the legal issues related to leasing properties. Here are a few of them: LEAD-BASED PAINT DISCLOSURE Federal law requires that the lessor (landlord) of any rental property constructed before 1978 disclose the presence of any lead-based paint or hazards known by […]
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You’ve seen the claims: “Eliminate your mortgage!!” Can this really be true? Well, I’ve researched the law and here’s what I came up with. The Claim They claim they are making is that you can legally eliminate your mortgage based on a legal loophole that goes something like this… “If the lender who funded your […]
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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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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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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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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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