Received Mail from California Business Renewal Center?
Spring has sprung, and that means a new year of old scams is beginning to crop up. This week I received mail for dozens of clients from a company calling itself California Business Renewal Center. If you own a California business and you get mail from these people, ignore it. It’s a scam. (Click the [...]
Continue Reading...LLC Taxed as a Corporation? Only if You File the Right Documents!
Seems like not a day goes by when I’m not answering questions for someone about their LLC. And that’s great! We love to answer questions and help people – that’s one of the fun parts of this business (really!) One of the biggest areas of questions comes from LLC owners who wonder where their tax [...]
Continue Reading...Nevada Business License Exemption Ended
Looks like Nevada Secretary of State Ross Miller finally got his way. In a late-afternoon legislative committee meeting on March 8th, he got the votes he wanted to redefine Nevada law to state that the low-profit, home-based business license exemption no longer applies to LLC, partnership or corporation owners. By March 9th, the new forms [...]
Continue Reading...LLC Issues for Non-U.S. Residents
Recently we had the privilege of working with a property management group who specialize in non-U.S. real estate investment. In other words, they sell U.S. real estate to investors who live outside of the U.S. That led to some interesting discussions on the tax and legal issues facing non-U.S. investors. As an offshore investor, do [...]
Continue Reading...LLC vs Corporation – Why LLCs Win (Most of the Time)
One of the neatest things about LLCs is their ability to adopt whatever tax classification fits the business model the best. No other business structure can do this. It’s why I like using LLCs over Corporations. A lot of people think that LLCs should only be used for businesses like real estate. But that’s just [...]
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