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Starting a business is a complex process where business relationships, partnerships, legal and tax issues must be taken into account.When two or more people enter into a business relationship, they each bring their own unique talents, resources, ideas, and needs to bear. Having these different aspects in a business is critical to its success, but...
A Limited Liability Company is an excellent and flexible way to structure a small business, but because everyone's business and personal situation is unique, it may or may not be the right structure for you. Here are five things you need to know before you start an LLC. 1. What is a Limited Liability Company? A limited...Read more
It's not uncommon for friends or business partners to get together and purchase a piece of investment property or even a vacation home with the idea of establishing a flow of rental income while also enjoying the appreciating value of the asset and deductibility of certain expenses. Although the merits of that kind of investment have become more problematic as a result of the deep recession, many people are still making these purchases by pooling their resources, intellectual capital, and their abilities.