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Real Estate Joint Venture Liabilities Likely to Get You Sued

Freddy Stein is an active real estate flipper making big moves in the Atlanta market. He currently has four properties he’s rehabilitating, all held under his corporation.  Bad idea! We always recommend that our clients…

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The Basics of a Series LLC

When it comes to creating your own business or even forming one that already exists and putting it under your name, there are a few things you need to know. You may want to form…

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Series LLC Record Keeping Rules

Everything should be kept on record when doing business. It is always a smart idea to have everything in writing to ensure it is all done right. The same goes for a series LLC and…

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How to Close Down Your Business Yourself

For many small business owners, closing down a business can be a daunting task. This is especially true if your business has incurred a large amount of debt. For most businesses, having some portion of…

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Going Out of Business: Liquidate Assets Yourself or File Bankruptcy?

If you are going out of business, owe a significant amount of money to one or many parties, trying to…

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How To Properly Liquidate a Closing Business’s Assets

There is more to liquidating your business assets than just posting a yard sale sign. Below, Royal Legal Solutions help you better understand the scope of liquidation and how to best order the chaos a…

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How to Distribute Assets to Remaining Owners When You Close Your Business

When you decide to close your business, it is not as easy as simply pinning a “Closed for Business” sign on the front door. From settling debts to distributing assets, there are many things you…

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How to Notify Creditors of Business Closure to Limit Liability

Closing your business can be a very stressful time. Not only are you shutting down a chapter of your life, but you also must notify those you have done business with, such as supplies, customers,…

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Making Sense of Fraudulent Conveyance and the Land Trust

A fraudulent conveyance happens when someone illegally transfers assets or property into someone else’s name, such as spouse, friend or…

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Which Type of Business Entity Needs an Employer Identification Number (EIN)?

Businesses pay taxes. It is a truth as old as time. However,…

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When Does a Sole Proprietor Need an EIN?

An EIN is your business’s federal employer identification number. It’s a nine-digit…

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What are the Main Differences Between a Series LLC and an S Corporation?

For many entrepreneurs, limiting their liabilities is an important factor when establishing a business. Because of this, most start with a comparison of a limited liability company (LLC) and an S corporation. Similarities There are many similarities between a LLC and an S corporation. Pass-Through. Both the LLC and S…

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Business Structures That Favor Multi-Unit Real Estate Investors

More investors have been looking into Multi-Unit properties in the recent years. This is in part because rental properties are in high demand, and millenials in particular are partial to duplexes, fourplexes, and of course,…

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Why You Need a Real Estate Corporation

Real estate is usually a sound investment. I would remiss if I didn’t use the word “usually” considering the little hiccup we experienced in 2008. Investing in real estate is sound, but you need to…

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LLC or Corporation Vs. Umbrella Policy: Which Is Better For Real Estate Investors?

Are you a real estate investor? Chances are you either use an umbrella insurance policy or an LLC to protect yourself from liabilities concerning your property. There are however, certain situations one can be more…

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Owning Coins With Your Self-Directed IRA LLC

Are you a current or aspiring coin collector? Of course this can be a satisfying hobby in its own right, but what if you want your coins to be protected as an investment? You may…

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Top 10 Features Of The Solo 401k Plan: Empower Your Business

Are you an independent contractor or the only employee of a business you own? If so, you may want to learn about the Solo 401k. A Solo 401k is a dream come true for small…

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