Tag: william bronchick

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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Estate Planning for Real Estate Investors

Courtesy of William Bronchick, Esq. Estate planning for real estate investors involves distributing your assets after death to such people or causes according to your wish with minimum legal complications and the least tax incidence. And estate planning is not just for the wealthy; nor is it something to be contemplated when you reach the ripe […]

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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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When Should You Use a Land Trust vs. and LLC in Real Estate?

By William Bronchick, Esq. and Bronchick Law In this very short video, I will discuss the differences between using LLCs and land trusts for holding real estate. Listen and learn!

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Form an LLC in Colorado – Bronchicklaw vs. Legalzoom

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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Five Examples of the IRA-LLC for Real Estate Investing

Example #1: Hard Money Loan Client setups up IRA-LLC, which is funded by money in his self-directed IRA account.  Investor need a loan to buy a property, so the IRA-LLC then wires money to the escrow account of the title company who is closing the deal.  Investor signs a note and deed of trust, the […]

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The Right Entity for Your Business May Not Be What You Think!

Many people are operating full or part-time small business and seeking to incorporate for tax reasons, professionalism, and liability protection.  However, most of them are getting it wrong in choosing an entity. The popular thing to do is form an LLC (limited liability company) because it is simple and requires fewer formalities than a corporation.  […]

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Knowing when to Consult a Lawyer

Courtesy of William Bronchick, Esq. In this day and age, it’s important to protect your rights in many different situations. Knowing when you require the professional services of a lawyer is important since many situations essentially demand it. Hiring a lawyer may cost you a large sum depending on the complexity and time required for […]

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Business Entities – A Quick Guide

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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Rental Scams

By Frank Pulley & William Bronchick There are a lot of scams and phishing schemes going on in this technological world today. Technology is great and helps in our everyday lives; both business and personal. The problem is that problems that didn’t exist a few years ago exist now as a result of all this […]

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