What is Qualified Small Business Stock and Why Is It Important? Shares of a “qualified small business” (as defined by the Internal Revenue Code) issued after August 10, 1993 are referred to as “qualified small business stock” or “QSBS”. Provided certain requirements are met, the sale of QSBS receives favorable tax treatment. This is particularly…
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…
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