Understanding Corporations, Limited Liability Companies (LLC’s) and Limited Partnerships
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By: Darius M. Barazandeh, Attorney at Law / M.B.A.
The best way to understand a corporation, limited liability company (or even a limited partnership) is to realize that each creates a special legal relationship or privilege between the business owner(s) and the government. These areas of government include:
State Government (including state taxing authorities and the state court system)The Federal Government (specifically the IRS and the Bankruptcy court system)
You may be saying, alright Darius, I still don’t understand what you mean by a relationship or privilege. The best way that I can put it is this:
... continue reading >>Tax Sales, Tax Certificates, Tax Deeds: Due Diligence Matters!
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By: Darius M. Barazandeh, Attorney at Law / M.B.A.
We have all heard the ‘infomercial’ and the Internet claims regarding tax foreclosed property:
“You will own the property FREE and CLEAR!”
“All other liens and interests are WIPED OUT!”
“You will hold the FIRST PRIORITY security interest!”
“The Government Guarantees these properties!”
“All liens, interests, and encumbrances are ERASED!”
“You can do this part-time with nothing down!”
“You don’t need to set up a company…just get out there and... continue reading >>
Don’t Make These Mistakes With Your LLC or Corporation
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By: Darius M. Barazandeh, Attorney at Law / M.B.A.
A business entity can provide personal liability protection for its owners. The problem is that many people start business without proper instruction on how to run and manage agreements between parties, agreements with customers, internal paperwork, cash controls, voting rules, state and Federal reporting requirements and a host of other issues.
In fact, we have found between 20 to 25 actions, behaviors, or neglected tasks which commonly cause a business structure to be forfeited and can result in personal liability for the owner or owners.
Here are 5... continue reading >>
Tax Lien Investing: Everything You Wanted To Know About Tax Lien Purchases!
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Tax Lien Investing, tax lien riches, tax liens for wealth, tax lien this, tax lien that...everywhere you turn there seems to be someone selling information on tax liens. What most of these 'overnight' experts don't tell you is what could go wrong with your investment if you fail to perform proper research. I have helped thousands of investors make significant profits from tax sales. I have seen the processes first hand in a number of different scenarios: 1) as an investor, 2) as an attorney, 3) as a business consultant to one of the largest tax... continue reading >>
Limited Liability Companies (LLCs): Avoiding Disasters, Mistakes and Confusion!
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By Darius M. Barazandeh, Attorney at Law / M.B.A.
I see it several times per day, everyday: An LLC disaster waiting to happen! No matter where I travel or with whom I speak, it’s clear that small to mid-sized business owners are not getting proper instruction on how to create, run, and maintain a ‘rock solid’ LLC. Did you or your attorney form your LLC? Are you now left with a stack of papers and confusion?
One comment that I repeatedly hear is, “Well, my attorney set it up for me two years ago…so everything is rock solid.” Usually,... continue reading >>
Before You File Your Corporation or Limited Liability Company (LLC): 5 Things to Consider!
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POINT # 1: Many investors believe that they can create a limited liability company (LLC) or file a corporate charter with the state and always have liability protection. This is SIMPLY NOT TRUE. The truth is that each of these business entities (the LLC, the corporation and even the limited partnership) require certain key steps after the structure is created. I always like to compare business entities to a fancy Italian sports car or a new baby…they WILL DEMAND PROPER CARE AND FEEDING! They are fun on the first day, but you had better know how to maintain them. You... continue reading >>
Why the Stock Market Is Not Necessarily the Answer: The Answer Is…
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Like millions of others you are probably wondering where you can attain the greatest and safest return for your money in the shortest period of time. Finding the right investment vehicle can be very difficult to say the least. The stock market can give you stable long term appreciation potential if you diversify and hold for a number years. Sadly, however one downturn in the market and years of gains can be wiped out overnight. Unfortunately, most Americans will stop looking for other ways to higher yields. They will leave their money in the stock market and must... continue reading >>
Corporations and Limited Liability Companies (LLC’s): Charging Orders and the Differences in Protection!
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By: Darius M. Barazandeh, Attorney at Law / M.B.A.
I always say that when choosing a business entity, you must evaluate the tax advantages and disadvantages BUT ALSO the level of liability protection. LET’S EXAMINE A COMMON SITUATION: Many attorneys recommend the corporation to their clients. For the most part, corporations will provide good protection from ‘traditional liabilities’. In other words, if the business is sued for its business activities, then I consider this a ‘traditional liability’ situation. In most instances (a properly set up and maintained corporation) will protect the owners from personal liability.
Most attorneys (myself included), who... continue reading >>
Tax Lien Investing: Everything You Wanted To Know About Tax Lien Purchases!
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Tax Lien Investing, tax lien riches, tax liens for wealth, tax lien this, tax lien that...everywhere you turn there seems to be someone selling information on tax liens. What most of these 'overnight' experts don't tell you is what could go wrong with your investment if you fail to perform proper research. I have helped thousands of investors make significant profits from tax sales. I have seen the processes first hand in a number of different scenarios: 1) as an investor, 2) as an attorney, 3) as a business consultant to one of the... continue reading >>
The Most Important Due Diligence Area: Five Steps to Success in Whatever You Want From Life!
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Did you know that virtually everything in your physical world started in your internal world? The car you drive, the house you live in, the job you have, and the people you love all began as ideas, thoughts, or emotions. All of us are the end result of our thoughts put into action. The reason I believe this area to be the ‘most important’ is because your success or failure will depend almost entirely on your mental attitude. There will be defeats, challenges, and failures, but your mindset will take you from failure to success in... continue reading >>
