• 5 Great Pieces of Advice From Robert Kiyosaki & His Rich Dad Advisors The Rich Dad Advisors to Robert Kiyosaki recently made an appearance on “Fox & Friends” to provide some financial wisdom and serve as an example of a great entrepreneurial team. To be successful, you need to surround yourself with smart people. As Robert Kiyosaki says in the interview, “nobody is that smart, but if you have ...
  • Registered Agent Service Could Save Sued Business Owners Big Money Every corporation, LLC, or limited partnership is required to have a registered agent, sometimes called a resident agent, to collect important legal documents for the business. This includes a service of process in the case of a lawsuit. Many small business owners opt to be their own registered agent, but this can lead to some ...
  • 6 Ways Joint Ownership Could Cost You Many people use joint ownership (the holding of title by two or more people), without really thinking about it. It is often used as a substitute for estate planning because it is cheaper, which is why some call it the poor man’s will. It may seem like a simple and inexpensive way to avoid probate (the costly ...
  • Offshore Asset Protections Diminished New Court Case Minimizes the Protections Offered by Offshore Asset Protection Entities with U.S. Offices At Sutton Law Center and Corporate Direct we don’t provide offshore asset protection, so if you want to use the Cayman Islands or Switzerland or wherever else – well, you should go somewhere else. However, we will help our clients understand ...
  • California Gets Slapped Down on Overly Aggressive $800 Franchise Taxes In a new California Court of Appeals decision, Swart Enterprises, Inc. v. Franchise Tax Board, judges are placing limits on how far California can go in collecting fees. The Facts of the Swart Case In Swart Enterprises, Inc., (7 Cal.App.5th 497, 212 Cal.Rptr.3d 670 (2017)), the material facts were not in dispute. Swart Enterprises, Inc. (Swart), was ...
  • Why Set Up an Entity by the End of the Year? By Garrett Sutton, Esq. As the year closes it is time to start forming the corporations and LLCs you need for next year. We can form them for you in December and have them ready to go January 1st. Why not just form them in January? Well, here are the issues. First, if you do any business ...
  • Garret Sutton on Entrepreneurs and Toxic Clients https://www.youtube.com/watch?v=L2cDAlOYPWU Watch Garrett Sutton’s interview with Chris Coraggio of the Social Television Network Garrett Sutton discusses incorporating as an entrepreneur and Garrett Sutton’s newest book, Toxic Client. Sutton explains that as an entrepreneur it’s important to protect yourself and your personal assets by separating them from your business. Without proper protection, you could be putting yourself at ...
  • Is an LLC a Separate Legal Entity? To answer this question, first let’s answer what an entity is. What is an Entity? An entity is a business organized according to state law to limit the liability of the owners. Entities can be corporations, limited-liability companies (LLCs) and limited partnerships (LPs). All provide much greater asset protection when compared to a sole proprietorship or general ...
  • A Guide to Doing Business Internationally Learn Various Facets of Doing Business in 39 Countries By Garrett Sutton, Esq. As business becomes more global, it becomes even more important to appreciate how local it remains. This is to say that there is not one global standard for doing business: How you conduct a meeting, How you present your business plan, How you negotiate ...
  • When States Raise Their Fees… When states raise their fees, people vote with their feet. We described Nevada’s new corporate fees in our last issue (a jump from $325 a year to $650.) We also described how you could ‘continue’ your Nevada entity (or any state entity for that matter) into Wyoming, where the annual fee is just ...
  • Top 12 LLC Advantages and Disadvantages When looking to start a business or protect investments you have several options in the type of entity you can form. As with anything there are advantages and disadvantages to limited liability companies. Below is a list of advantages when considering the formation of an LLC. Advantages of an LLC It limits liability for managers ...
  • The Difficulties of Being a Landlord Many investors who avoid real estate are afraid of the anticipated difficulties of being landlords. They hear horror stories. They think to themselves, “I don’t want to fix toilets,” and “I don’t want to get calls from tenants in the middle of the night.” But know that there are strategies for intelligently managing a property ...
  • Tax Hazards of Being a Professional Flipper Many people approach real estate purchases with different goals. Some have the desire to earn quick returns. These people purchase properties with the intention of fixing and flipping – buying an inexpensive property fixing it up and selling it when the market is ripe for gains. Flipping can seem like a ...
  • A Bookkeeper Is A Wise Investment A bookkeeper is your eyes and ears in terms of tracking your cash flow in real estate investments. He or she will immediately spot oversights—a tenant’s unpaid rent payment or a long-overdue utility bill, for instance—and will notify you before it becomes a serious problem. Bookkeepers not only process checks for deposit and payments to ...
  • Before You Invest In Real Estate, Educate Yourself I’m not suggesting that you need to know everything. You don’t. You’ll continue to learn as you go. But you must educate yourself in the basics to get started on the right foot. A little education goes a long way in accomplishing four essential goals: 1. Demystify Investing and Lessen Your Fear Learning about real estate will ...
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