Day 173 of the 365 Days CHALLENGE to Build Wealth! Dear friends… I know it is kind of boring this legal topic, yet necessary as you continue to grow your networth and your wealth.. and we are almost done for this week. Now, when is a LP or Limited Partnership a good Idea? What is the purpose? How will it protect […]
Day 172 of the 365 Days CHALLENGE to Build Wealth! A Limited Liability Corporation or LLC structure for your business is very beneficial and flexible for many reasons… it is good for tax reasons… it is good to limit your exposure to creditors and potential legal problems… it is ideal when you have other partners. However, depending on your end goal, […]
Day 170 of the 365 Days CHALLENGE to Build Wealth! When to use a C-corporation and the reasons behind it… Not only from the legal standpoint you need to know this information, but also from the tax savings point of view. If you choose the wrong entity, you will probably be paying the consequences and high price of taxes and less […]
Day 169 of the 365 Days CHALLENGE to Build Wealth! We live in a world where anyone can sue you for anything and have a field trip with you if you are not properly protected… so this week, we are going to learn about asset protection and protecting yourself from credit predators and their attorneys. Since I am not a lawyer, […]