Posts Tagged ‘LLC’
Looking Through the Corporate Veil
Looking Through the Corporate Veil Many of our clients have been complaining in recent years that banking has become more difficult. Opening a business bank account used to be a simple process. Now it is extremely difficult, and sometimes impossible. The politicians have enhanced the LLC and Corporation Disclosure Requirements. It is now necessary for…
Read MoreTHE LIFE INSURANCE LLC: A POTENTIAL SOLUTION TO THE BUY-SELL TAX BASIS CONUNDRUM
Life Insurance LLC A “Life Insurance LLC” can creatively address the problems business owners face when developing a buy-sell agreement. Buy-Sell Agreements have several hurdles: Death benefits funded with corporate owned life insurance may lead to unintended and unwelcome income tax consequences. Businesses with more than two owners in a cross purchase agreement tend to…
Read MoreMember Managed LLC’s are a Bad Idea
With rare exceptions, Member Managed LLC’s are a bad idea. In spite of this, the most common form of LLC structure is Member Managed. Sadly, almost all CPA’s and even some attorneys have no idea that a Member Managed LLC fails to accomplish the primary goal most people have in setting up an LLC. Here…
Read MoreNaked LLC
Imagine that you must appear in public. You go to your closet. There is nothing there. You will be on display for the whole world to seem completely naked. What is a Naked LLC? Going out in public naked is what it is like to operate a business in a “naked LLC”. You are completely…
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