 Wysłany: Nie 18:25, 20 Mar 2011 Temat postu: sale cheap feeragamo heels 8412 |
|
| Entity Layering- ��Layers on the Onion�� by Don Burnham
,sale cheap feeragamo heels Entity layering is a key concept in risk management. It is like the layers of an onion. The outside of the onion is the toughest layer and there are many layers to the onion. As soon as you peel that first layer back, a chemical reaction begins,cheap ferragamo shoes, because the onion is defending itself and in each layer, the reaction gets a little stronger. This is a good analogy for asset protection. You want to have layers of protection. Each layer makes it more difficult to penetrate. If you put the right techniques in place, in the proper sequence, you will make it very difficult for a plaintiff to get to your assets. That means realigning the ownership of how you hold title to reduce your risk. You want to have assets held so that you have some layering between you and the plaintiff. By realigning the ownership of your assets to reduce your risk and further protect yourself for potential problems, you will to have a much lower stress level and be able to enjoy your wealth as you accumulate it. Level one is having the right kind of trust. It might be a Living Trust, a Wealth Preservation Trust, the Multi- Generation Dynasty Trust, or a combination. Limited Partnerships Level two is the management and control layer. It may be a Limited Partnership or a Limited Liability Limited Partnership. At present, the LLLP has only been adopted in about seven states. But it can be established in any of those seven states and then imported to where you live and it can own your corporation and/or your Limited Liability Company. Asset Protection Level three is the operations layer consisting of your corporations and LLCs that are owned by the LLLP. These techniques put layers between a potential plaintiff and you. You want that plaintiff to be two or three layers out, so that when they start trying to peel that onion, they can't go directly to your bank account. You want them to be forced to go through the layers and you want it to cost them a lot of money. The Layers In the United States, we have two types of partnerships, several types of trusts, and two types of corporations. There are basically two types of partnerships: ? General partnerships - unlimited liability ? Limited partnerships - limited liability The members of a general partnership are 100% liable. Limited Partnerships, on the other hand, limit the degree of exposure. If you put $100, 000 into a Limited Partnership, that��s the total risk. You are only risking the amount of investment. Generally speaking, trusts fall into the category of revocable or irrevocable. The Internal Revenue Code applies to all trusts, according to how they��re used. Typically,footwear mbt, you will see trusts used in estate planning and asset protection. There are two types of companies in the United States: ? Corporations ? Limited Liability Companies Corporations have been around a long time. They are perpetual in nature and owned by shareholders. Limited Liability Companies (LLCs) are a form of a hybrid imported into the United States about 20 years ago. The LLC is a popular entity, because it limits liability and has many tax choices. LLCs Limited Liability Companies are perfect for real estate investors. The typical sole proprietor who owns property in their own name or does business as (DBA), are the ones who have the most exposure to lawsuits, because they are the easiest targets. They also have the greatest amount of losses and are the target of most tax audits. Why should we use a company? The financial advantages and tax savings, combined with asset protection - putting distance between you and that potential plaintiff - are the primary reasons to use a company. Corporations Corporations, as an entity,buy salvatore ferragamo free shipping, have been around a long time and are effective when used for the right reasons��usually to operate a service business. However, if you are going to own real estate, using an LLC is a better choice All corporations are born as a C corporation. A C corporation can be changed to an S corporation. A C corporation can be owned by a Limited Partnership. Subchapter S corporations have the flow-through tax advantages, but they also have severe restrictions in terms of ownership. The corporate veil is what protects you from lawsuits. However, the veil can be pierced if the corporate rules stipulated by IRS code are not followed. Corporations require a lot of formal procedures and documentation. To protect the corporate veil, you must have and document board meetings. Resolutions must precede actions taken by the corporation. One way to help protect your corporate veil is by accumulating business credit. You don��t just open a business one day and get a $500, 000 line of credit the next day. You need discipline and to focus on doing it the right way. You can get there faster than you think when you set up your business the right way and apply for credit after you get established. The biggest mistake people make in the area of business credit is that they apply for a credit profile with Dunn and Bradstreet too soon. Before you apply for a credit profile with Dunn and Bradstreet, make sure your business phone is listed in the White Pages in the name of the business, not you individually. You must also register your business license�� they will check. Business credit helps separate personal and business credit, so that the company can eventually qualify for its own credit. .Topics related articles： salvatore ferragamo women shoes 4721 ferragamo mens shoes 1472 ferragamo jelly shoes 7055 |
|
