The cost to set up an LLC for rental property ranges from $100 to $300. This small investment creates a strong shield that protects your personal assets from property-related lawsuits. Property owners who skip this protection put their personal wealth at risk from legal claims when tenants get injured or property disputes arise. Rental property […]
Picking the right business structure can feel overwhelming with five different options available. Business owners must choose between Partnership, Limited Liability Company (LLC), Sole Proprietorship, S Corporation, and C Corporation. Each option has unique tax implications and operational requirements. C corporations must pay a 21% federal tax rate and deal with double taxation. S corporations […]
Trust ownership of an LLC creates one of the most powerful asset protection strategies for today's business owners. 17 states have passed laws that support asset protection trusts. South Dakota, Nevada, and Delaware lead the way by providing resilient protection for LLC assets. LLCs already protect owners through limited liability. A trust-owned LLC structure will […]