Advantages of Limited Partnerships LPs allow for pass-through taxation for both the limited partner and the general partner. Limited partners are not held personally responsible for the debts and liabilities of the business, although the GP, if an individual, may be...
RealEstateInvesting Articles and Resources
IRS Liens Don’t Die
Beware of Purchasing Real Estate with Unpaid Liens on It Can the Internal Revenue Service (“IRS”) collect a prior owner’s delinquent federal income taxes from the subsequent purchaser of real property? Yes. In Shirehampton Drive Trust v. JP Morgan Chase Bank, N.A.,...
10 Rules for Asset Protection Planning
Asset protection planning defends your assets from future creditors, divorce, lawsuits or judgments. How can you best plan to protect your personal and business assets? Here are some guidelines to implement strong asset protection. Plan Your Asset Protection Strategy...
9 Rules to Consider Before Signing an Arbitration Provision
By Theodore Sutton Binding arbitration is becoming a popular method to resolve disputes in real estate transactions. Arbitration provides certain advantages that courts do not. For instance, arbitrations are private, they resolve disputes in a more timely and...
Five Steps for Real Estate Asset Protection
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. One way to help prevent people from obtaining all your...
The Top 12 LLC Advantages and Disadvantages
When looking to start a business or protect investments you have several options in the type of entity you can form. As with anything, there are advantages and disadvantages to limited liability companies. Advantages It limits liability for managers and members....