Posted by: Lee Phillips
There are a number of business entities. They include Sole Proprietorship, Partnership, Corporation, Limited Liability Company, and a dozen others. Probably the scariest business entity to be in is a partnership, because every partner is personally liable for all of the acts of the other partners. You are legally responsible to the ...
Posted by: Lee Phillips
Asset protection freaks are always asking me if they should, or telling me that they did, put their house in a corporation or Limited Liability Company (LLC). This is a big mistake. They have confused the purpose of asset protection using a company shield, whether it’s a corporation or LLC shield.
Company structures are creations of ...
Continue Reading →Posted by: Lee Phillips
As I watch the presidential debates, I am in a panic. It appears that taxes are going up any way you slice it. McCain made the statement that the only president to ever raise taxes when the economy was in trouble was Herbert Hoover. McCain didn’t finish the thought with the next statement which should have been “and the tax increase was what lead to the GREAT ...
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