Category Archives: Asset Protection
Although a trust can be a permitted shareholder in an S corporation, only certain kinds of trusts are so permitted under Section 1361 of the Internal Revenue Code. If a trust is not one of the trusts specifically authorized by the Internal Revenue Code, however, and becomes a shareholder, the Corporation ceases to be a qualified S corporation and will be taxed as an ordinary C corporation. Thus, when a Living Trust becomes the owner of S corporation stock, there can be resulting difficulties for both the Grantor’s heirs and for the S corporation itself if an estate lawyer is not involved.
Learn more in this episode of The Bottled Business Sense Show.
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WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Bill Bernard – WFBLegalConsulting.com bill@wfblegalconsulting.com 949.698.6222
Rick Moscoso – Captivate365.com rick@captivate365.com 949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Timing is everything in understanding the differences between a power of attorney and a conservatorship. Both a power of attorney and a conservatorship give a person the authority to make decisions about financial matters for another person.
What are the distinctions though? Learn more on on this episode of the Bottled Business Sense Show.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Revocable living trusts don’t protect your assets from people with legal claims against you because you’re treated as the owner of the trust assets. However, if you put assets in an irrevocable trust—one you don’t control and can’t revoke—then then those assets typically won’t be considered yours and may not be available to creditors. Learn various distinctions in this episode of the Bottled Business Sense Show.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
https://bottledbusinesssenseshow.com/bottled-business-sense-show/
One of the most critical decisions you will make as a business owner is choosing the business entity type for your company. Sole proprietor or partnership? Limited Liability Company (LLC), or corporation? For many of the entrepreneurs that I work with, incorporating offers a variety of advantages legally and financially over operating as a sole proprietorship, partnership, or LLC (Limited Liability Company). To get you up to speed for that conversation, let’s explore some of the main advantages of incorporating your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
If you have incorporated a business as an S Corporation or a C Corporation, most states require that you keep careful records of the company’s activities on a yearly basis. Even LLC’s should properly plan and execute all business compliance rules inherit in corporate practice, in order to insure personal liability protection. Learn more from Bill and Rick in this show.
http://www.wfblegalconsulting.com/bottled-business-sense-show/
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
A BEST ASSET PROTECTION Services Group–Lawyer for Business
https://bottledbusinesssenseshow.com/bottled-business-sense/
While not the most glamorous aspect of running a business, complying with applicable rules and regulations is a must. Business compliance (known as “corporate compliance” for incorporated businesses) is critical for keeping your company in good standing with your state. The specifics of what you need to pay attention to depend on the legal structure of your company and where you’re registered to operate your business. Learn much more on our next show.
https://bottledbusinesssenseshow.com/bottled-business-sense-show/
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
Lawyer for Business–BEST ASSET PROTECTION
Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
Many business owners wonder whether their LLC will protect them from claims and liabilities after their LLC is closed. Does the limited liability protection of the LLC still apply? Does it only apply for claims when the LLC was active? What about after the LLC is closed or dissolved? Learn more on our next show.
https://bottledbusinesssenseshow.com/bottled-business-sense-show/
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
