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Business formation February 13, 2024

Exploring the Possibilities: Can an LLC Own Another LLC?

Limited Liability Companies (LLCs) are well-known for their flexibility and asset protection. However, in some situations, business owners may want more complex ownership structures for reasons like tax benefits and strategic planning. One intriguing possibility within this context is whether an LLC can own another LLC. The Legality of Parent LLCs LLCs are established and […]

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Business formation

Elon Musk Recommends Incorporating in Nevada & Forming LLCs

TESLA CEO Elon Musk has always been one of the most influential figures when it comes to the ever-changing landscape of the corporate world. Musk recently made headlines after he made a statement recommending businesses to incorporate in Nevada and Texas. Although it seemed like Musk was only sharing his thoughts on incorporation, the move […]

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Business formation February 12, 2024

The Dynamics and Advantages of Multi-Member LLCs: What You Must Know

Limited liability companies (LLCs) are known for being a flexible and efficient business structure. It combines a corporation’s limited liability protection with a partnership’s simplicity and flexibility. Although a single-member LLC remains a viable choice for solo entrepreneurs, multi-member LLCs offer unique advantages for businesses with multiple owners. What Are Multi-Member LLCs? As the name […]

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Business formation January 25, 2024

I Have Not Taken Depreciation on My Rentals, Is It Too Late?

We have a lot of clients who own rental properties. Some of them do not take depreciation on their properties, most do. Quite often we get someone who have not taken depreciation on their passive income properties all of a sudden want to start. The biggest question we get is, “Can I recapture depreciation for […]

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Business formation January 17, 2024

A Complete Guide to Naming Your New Business

A well-thought-out business name doesn’t just reflect your company’s identity; it also conveys its values and purpose. Apart from often being the first thing customers encounter, the name can influence their perception of your business and set the tone for its image. However, naming one is not as simple as it may seem. Doing so […]

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