LLCs are set up to make personal assets inaccessible for any obligations of the entity. Protection may be lost, however, if you are not aware of your personal conduct when managing business through your LLC.
Business partnerships can bring together individuals whose complementary skills and experience can help the venture succeed.
When it comes to charging orders, the key asset protection feature of LLC’s and LP’s, there are two opposing trends.
Binding arbitration is becoming a popular method to resolve disputes in real estate transactions. Arbitration provides certain advantages that courts do not.
Sales tax policy has changed dramatically within the past year, thanks to the Supreme Court ruling of South Dakota v. Wayfair, Inc.
Then all of a sudden, somebody comes to your parents’ door with a court order mandating that they be moved into an assisted nursing care facility.
Starting your business from scratch is a big deal. There are a million details to take care of, and the list of demands can seem endless.
Buying a home with all cash? Before you make the purchase, consider the consequences based on the rule governing real estate in 22 states.
Have you heard that land trusts provide asset protection? Do you believe it? Even in their state of creation they don’t protect ‘beneficiaries’ from liability.
Have you ever tapped the equity in your home to pay for a new car or a college tuition? With a HELOC, also known as a home equity loan or line of credit, you could do so.
Although states with asset protection legislation may purport to hold exclusive jurisdiction over asset protection trusts, this may not always be true when another state has personal jurisdiction over the debtor.
When purchasing real estate, it’s critical to protect ourselves and our possessions from lawsuits. We live in the most sue-happy society, in one of the most litigious times, and you need to protect yourself.
The media and tech elite in America lecture us that our voting system is unfair, easily colluded with and leaves millions of people disenfranchised.
Delaware recently increased the various fees assessed by their Secretary of State as Annual Franchise Tax Fees for Delaware corporations.
Planning your estate, or to give a very generous gift? You’ll want to hear the new 2018 rules announced by the IRS on changes to the estate tax & gift tax.
Using an LLC to hold paper assets is good planning. If sued personally they will benefit from the charging order protections in strong states like Wyoming.
Keep business and personal dealings separate, or it may cost you. This is what happened in this piercing the corporate veil New York court case. Learn more.
Owners of LLCs holding California real estate beware! A recent case allows cities to asses Documentary Transfer Taxes like never before. Learn more.
The IRS has instituted new audit rules which require every LLC Operating Agreement and Limited Partnership (LP) Agreement to be amended.
Did you know where you determines how much you lose in a lawsuit. Fortify your LLC by holding LLC certificates in Wyoming for superior asset protection.
You can contest many IRS tax bills, although there are times not to. When you disagree with the IRS, procedure is important.
Is your website ADA compliant? If not now, at some point in the future you may be required to bring your website into compliance with WCAG 2.0.
Every corporation, LLC, or limited partnership is required to have a registered agent, to collect important legal documents for the business.
Want offshore protection? This court case illustrates that you should go offshore to get it, or simply protect assets in states with strong protection.
A charging order is a lein on distributions from an LLC. When someone sues you & wins, they want to collect. States enforce the law differently.
Businesses of all sizes can be targeted by hackers trying to steal information. Learn how to prepare your business with a cyber liability insurance policy.
Watch Garrett Sutton’s interview with Jack Canfield on Hollywood Live. They discuss asset protection and share tips for business success.
Doing business as a sole proprietor is easy, but is often not the best choice for building business credit or protecting your personal assets.
The Registered Agent is a legal requirement for a good reason. Without one, you will likely lose all your lawsuits and it could cost you money.
Wyoming offers the strongest asset protection law in the country. The changing order lien is the exclusive creditor remedy, even for single member LLCs.
Texas was considered a strong LLC state. But strength evaporated with one court decision, in Texas in August 2016. Learn what Texas LLC owners should do.
Are you a Real Estate Professional? Learn what steps you need to take to legally write-off rental losses and offset a spouses ordinary income.
Is a CPN number legal? Find out how to avoid these scams when looking to repair bad credit. Find out if prison time comes with a CPN number.
Paying for your child’s college education or giving them assets can create problems for parents. UTMA Accounts are a good way to plan ahead & save on taxes.
Articles of incorporation establish the existence of a corporation in the United States and Canada. Learn what you need to include and should not include.
Garrett Sutton discusses how entrepreneurs should set up to protect themselves against liability on William Shatner’s “Moving America Forward”
Are you protected if you’re in a car wreck or are sued? Will your LLC assets be sold to pay the lawsuit winner? It depends on the state, but Wyoming is best
For entrepreneurs, there are crucial documents that have to be preserved and tracked in physical form. It’s vital to have a method for filing your documents
Angel investors and venture capitalists (VCs) both provide early funding. The similarities end there. Learn the differences and how they benefit you.
Could a business name influence personal liability, business credit or even your ability to run your business at all. The answer to all the above is, “yes.”
In the shuffle of setting up your startup, ensuring all legal requirements are properly handled can seem like just another overwhelming chore.
We’ve warned against risky investments using retirement monies. But this latest case may put IRA investment scheme promoters behind bars. Avoid this scam.
By Garrett Sutton, Esq The state of California has implemented rules (and costs) for business owners and holders of real estate located within California. Up until recently, because California has a weak asset protection law for LLCs, we structured many of our...
Nevada and Wyoming both offer excellent asset protection benefits and no state taxation. The corporate and LLC laws in each state are business friendly, and under the favorable laws directors, officers, shareholders, managers and/or members do not have to live or hold...
50% of sued businesses & real estate ventures lose against the common legal attack of piercing the veil court cases. Learn to protect yourself in 3 steps.
These two sources of small business loans are often overlooked. Using life insurance and credit unions for loans both have advantages and disadvantages.
S Corporations allow for the minimization of payroll taxes; now the IRS is now auditing S Corporations to see if reasonable salaries are being paid out.
Can you be held liable for the losses and failings of an independent business? A business you had no contractual relationship with? In California you can. Do you agree with the court’s decision? The case is Apex Directional Drilling, LLC vs. SHN Consulting Engineers...