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Good Intentions, Poor Execution
When establishing an LLC, make sure everything is set up correctly.
Insurance vs LLC
Insurance alone isn’t enough to fully protect rental property owners. An LLC adds liability protection, covers insurance gaps, shields personal assets, and offers tax benefits. The best strategy? Using both.
Why You Shouldn’t Put a Rental Property Directly in a Revocable Living Trust
Revocable living trusts can streamline asset transfer but don’t shield rental properties from lawsuits and creditor claims, as illustrated by investor Steve’s costly experience. His story highlights that while trusts work well for liquid assets and p...
Why Long-Term Rentals Should Never be Held in an S-Corp or LLC taxed as an S-Corp
Holding rental properties in an LLC taxed as an S-Corp (LLC-S) can create legal and tax risks, including liability cross-contamination, IRS S-Election revocation, and unexpected taxable events. This article explains why a Passive Structure using a Di...
Verbal Agreements = Disaster!!!
Let this be a lesson: always have written agreements at the onset of any business or investment with partners. Whether it's a friend, family member, or business associate, get on the same page immediately!
Why Public Companies are Ditching Delaware
In this episode of Wealthy & Wise, NCH Founder and CEO Cort Christie together with NCH Executive Corporate Analyst Adam Kintigh tackled on Why Public Companies are ditching Delaware and opting for other states.
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