A corporate resolution is a written document that memorializes a business’s decisions. Without resolutions, third parties (like banks) might not do business with your corporation or LLC. Plus, carefully keeping resolutions helps protect business owners from personal liability. Who Signs Corporate Resolutions? Corporate resolutions are signed by the key decision-makers in a corporation or LLC. Continue reading
Asset Protection
3 Common Mistakes When Forming a New Business
If you’ve decided to form a legal entity to operate your new business, you’re already on the right track. However, if you set up your company improperly, you might miss the tax benefits and limited liability protection. Here, you’ll learn three common mistakes new business owners make when forming a legal entity (and how to Continue reading
4 Ways to Ruin Your Corporation’s (or LLC’s) Limited Liability Protection — Piercing the Corporate Veil
The #1 reason to form a legal entity is to limit personal liability for your business’s debts and obligations. If disaster strikes, you might lose your investment in your corporation or LLC. But with limited liability protection, creditors (like lenders or successful plaintiffs in lawsuits) can’t come after your personal assets. That is…unless a court Continue reading
Which Legal Entity Is Best for Real Estate Investors?
Forming a legal entity to hold your real estate investments can protect you from liability, make your business more credible, and pave the way for growth. But what’s the best business type for real estate investments? What Types of Legal Entities Are There? Let’s take a quick tour through some of the most common legal Continue reading
Why Form a Real Estate LLC for Investment Properties?
Creating a real estate LLC to hold your rental property is a great way to protect yourself (and your assets) from liability. Setting up an LLC — a “limited liability company” — doesn’t have to be difficult. Here, you’ll learn why LLCs are a real estate investor’s best friend. Advantages of LLCs for Real Estate Investors Continue reading
Where Should I Organize My Business? The Guide to Forming Out-of-State LLCs and Corporations
Are you thinking of starting a new business? Or perhaps you’ve been operating for a while but now realize you should create a legal entity to protect yourself? If you’ve decided to form a corporation or LLC, you’re on the right track. But did you know each state has its own laws governing legal entities? Continue reading