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HOW DO I START AN LLC?
Entrepreneurs looking to start a business need to start by asking both the State and Federal Governments for their permission to operate a business. Prior to asking permission to operate a business, you should know WHAT TYPE OF ENTITY FORMATION is best suited for the type of business you’re trying to operate. LLC is one of many entity type options. It’s best to speak with a corporate lawyer to determine whether LLC is the correct entity type for your business.
WHAT IS ASSET PROTECTION?
Any wealth amassed is considered an ASSET. Your home, cars, investment properties, businesses… ALL ASSETS. ASSET PROTECTION is put in place to ensure YOU hang on to YOUR wealth. Whether that’s here domestically, or offshore; whether that’s through proven corporate structuring; whether that’s by way of ESTATE PLANNING… Speaking with an asset protection lawyer to determine what route suites your unique needs is the next step to ensuring your empire’s security.
WHY DO I NEED A LIVING TRUST?
Consider your LIVING TRUST to be like a pre-nup. If you don’t take the time to sit down and put in writing WHAT your wishes are postmortem, the state government will dictate what happens with your wealth, and make it a matter of public record. As a citizen of their state, the state government will assess and distribute your entire estate through a system called PROBATE. They will keep approximately 20% of the overall value of the estate for cost of services to go through PROBATE. Taking the time to create a personalized game plan of your own, through a LIVING TRUST, keeps your money out of the government’s pockets, and in the hands of your loved ones.
HOW DO I INVEST MY OWN MONEY INTO MY BUSINESS?
Any money received from your business to you personally will be assessed by the IRS. To avoid: co-mingling of funds; paying income taxes on a personal loan repayment; or potential loss of monies invested based on business performance… Special Contracts need to be put in place. A corporate lawyer can advise WHICH contracts are needed for your unique setup and circumstances.
HOW DO I PROTECT MY INTELLECTUAL PROPERTY?
Trademarking® and/or Copyrighting© your LOGO/slogan is the best way to ensure your business actually owns the rights to its brand. If you want to ensure you’re in the driver’s seat of your company, you need to OWN its assets. Your brand is one of the most important assets to own for your business. Legal counsel can advise which process is correct for your IP.
HOW DO I PROTECT MY RENTALS FROM LAWSUITS?
The biggest threat comes from within. To ensure your rental property doesn’t expose your personal assets to frivolous lawsuits, you need to make sure you have taken the time to create an actual corporate structure providing a corporate veil that will separate your personal assets from your renters and their guests. A corporate lawyer can set up a tried-and-true corporate structure that will keep you beyond reproach.

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