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LLCs

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Should I Create an LLC?

Why do People Create LLCs?  If you own a rental property, it is strongly advised that you create an LLC.  I’m going to give you 3 reasons why, but before that a few introductory remarks in general about who I am and why you should listen to me. I have personally sued property owners and…

Should My Business Be an LLC?

It’s a question we hear a lot. Should we be an LLC? Many small-business owners have heard that they should operate their business as an LLC (limited liability company). But is that true for you? Three major factors you should consider in choosing a type of business entity are liability protection, taxation, and convenience. For many businesses,…

Why Every LLC Needs an Operating Agreement

Benefits of an Operating LLC System Many business owners make the choice to operate as a limited liability company (LLC) for the personal liability protection this business entity provides. Beyond that, they may not give much thought to creating an LLC operating agreement since most states have LLC laws with default provisions that dictate how…

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