Financial considerations are usually top of mind when making the leap into owning your own business and most entrepreneurs know that the first essential step is setting up an LLC. An LLC limits your personal liability because an LLC is legally separate from its owners. LLCs are responsible for their own debts and obligations, and although you can lose [...]
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So far Brityn Summers has created 7 blog entries.
Whether you’re a current or future real estate investor, you’re likely interested in understanding the best way to organize and protect your properties. Look no further than the Series LLC for your real estate assets. Many turn to traditional LLCs to manage real estate investments and haven’t heard of the Series version, but a Series [...]
You may be wondering, “what is a series LLC in Missouri?” The Missouri series LLC, enacted in 2013, is a relatively new concept. This structure provides individuals flexibility and asset protection at a fraction of the cost of traditional asset protection strategies. In Missouri, a Series LLC consists of a limited liability company, known as [...]
There has been a lot of hype surrounding the new Series LLC laws in Missouri, but what is it and is it right for your business? In basic terms, a Series LLC creates an umbrella that shelters any number of independently operating LLCs (the “Series”) under one “Parent” LLC. However, this is a relatively new [...]
LLCs are great because they are flexible when it comes to determining how you want to be taxed. You have the taxation options of taxing your LLC like a sole proprietorship, a partnership or a corporation by filing the appropriate forms with the IRS. Let’s take a look a few of the taxation options available [...]
If you’re an entrepreneur currently running multiple businesses or just thinking about starting a second one, you may be wondering the best way to legally structure them. Should you have separate LLCs for each one or a big umbrella company to hold them all? Are there any limits to the number of companies one person [...]
A lot goes into running a successful business. Of course, the recipe is different depending on your industry, market, and offering. However, one thing all successful LLCs have in common is they remain in compliance – year-in and year-out. 6 Requirements for Keeping Your LLC in Compliance Fortunately, staying compliant with government regulations doesn’t need [...]