Partnership Agreements

Alright, So when making Partnership Agreements the very best time to do it is actually right at the beginning or when you have new investors coming in. Why? Because there’s not a lot of money coming in the door. So, there is very little risk of people getting greedy or other people that are managing…

Advantages & Disadvantages of Forming an LLC, Partnership, or Corporation — FL Lawyer Steve Kramer

You just started a new business down in Casselberry, Florida, and you want to know should you make it a corporation? Should you make it an LLC? Should you make it a partnership? Should you make it a sole proprietorship? What should you do? I’m Steve Kramer. I’m a Florida business attorney. If you’re in…

How to Choose a Business Entity Type (LLC vs. Partnership vs. Corporation) | Legal Checklist Step 7

Welcome back! Item #7 in the Legal Checklist for Startups is to Select Your Type of Entity. I’m Mark Lyda from the Lyda Law Firm, let’s get started. This is one of those really crucial decisions for your business. It’s the fruit of all of the earlier decisions you made. We talked about defining your…

Company Tax Decision: Partnership vs S or C Corp

Hi. This is Lee Phillips. I’m an attorney, actually counselor to the United States Supreme Court. I want to talk to you about two seconds if you’re going into business and you’re getting partners or other shareholders or members in an LLC– we call them all the same thing, but they’re all guys you’re going…

Partnership Taxation: Partnership Termination – Lesson 2

Terminating other than for electing termination that says the partnership terminates when the following occurs. The business and financial operations are discontinued. The business is reduced to one partner. Or 50 percent or more of the partnership interest change hands within a year, within a 12 month period. A couple of other types of partnerships,…

🤔 LLC or Corporation For Rental Property? (Do I Need a Corporation For Rental Property Management?)

– [Toby] We have a vacation rental that we’re rehabbing. If we form an LLC to collect rents, so this is where I get confused, you’re rehabbing a property but now you’re collecting rents. In my world, those are two different business activities. And this LLC is owned by a corporation, I would never rent…

How to Set up your Own Property Management LLC or Corporation

– Hi Clint Coons here with Anderson Business Advisors. And in this video I’m going to discuss using a property manager with your limited liability company. Alright, you may be an investor like me who invests outside the state in which they live. So it really doesn’t make sense for you to try and manage…

How to Start an LLC in Massachusetts – Short Version

How to form an LLC in Massachusetts Massachusetts is an excellent place to form a new LLC, with a high business survival rate and some of the best access to funding in the country. Every state has slightly different requirements for forming an LLC. Follow along closely to learn the required steps for creating your…