In this article, you can learn about: The process and benefits of forming an LLC for purchasing investment properties and integrating them into a trust. The steps involved in LLC formation, including necessary documents and compliance requirements. How to find the right attorney to assist with LLC counseling, focusing on specialized corporate law expertise. How Can Your Firm Help Investment Property Owners Create An LLC To Purchase Property That Will Then Become Part Of A Trust? When it comes to investment properties, forming an LLC can provide significant advantages. Our firm assists in either purchasing property directly under an LLC or transferring it to an LLC post-purchase. The process begins with forming the LLC in the state where the property is located, such as California. This involves filing the articles…Read More
In this article, you will learn about: Key considerations in starting a business in California. How to protect your California business from litigation. The steps you’ll take when dissolving a California business entity. What Are Some Important Questions I Should Consider When Starting A Business In California? Embarking on the journey of starting a business is thrilling, yet it demands a significant investment of time and unwavering commitment. For those who are earnest about venturing into entrepreneurship, certain factors require careful consideration. The best first step to starting any business is to speak with an experienced business law attorney. During your consultation, you might consider the following questions: Are you going to be raising funds for your business? How many people are involved in the business? Do you plan on…Read More
In this article, you will discover: The different types of guardianship for minor children. How the role of a guardian differs from the role of a trustee for minor children. How to fund a special needs trust. When Should A Guardianship Be Set Up For Your Minor Children? It’s important to establish guardianship for your minor children as part of your estate planning process. You can do this when creating your will, just be sure to designate a guardian for your child. Additionally, you might consider setting up a trust to further protect your child’s interests and inherited assets. Can Life Insurance Documents Be Included In Estate Planning As A Method To Provide For Minor Children? While life insurance can be included in a trust, there might be potential tax consequences to…Read More
When starting or buying a business, people often need to think about how they will set up their legal structure. Is it a sole proprietorship, joint venture, LLC or corporation? For best protection from liability, the latter two are often used. An LLC is less paper intensive than a C or S Corporation. For example, I bought a pizza parlor with a relative at 50/50 ownership. We set up a S corporation (requires a special filing with the IRS and is time sensitive) and listed our ownership, prepared the necessary documentation and state filings. Registering as a merchant, including getting payroll and liability insurance were among the many things we we had to do as new business owners. When thinking about setting up a legal entity, one should speak with…Read More
