Incorporating…

[admin]

The subject came up recently over lunch. It was mentioned to me that I should form a corporation. The party said I should never buy a home and a car in my name. He said when I purchase a home, let the corporation buy it and put my personal car in the corporation’s name.

He said items belonging to the corporation would be protected if anyone wanted to sue me personally. He also said there would be tax benefits. Also, I know there are different kinds, (e.g. “S” corp). I understood that incorporating was for when you own a business, I have no intention of being a tax cheat.

This guy knows I don’t own a business at present, down the line I will because of the field I’m in.

I got the feeling he was suggesting incorporation as a way to protects one’s assets?

Is that even legal?

[ucodegen]

My understanding is that it works the other way around…

From the side of the corporate owner:
Your house and car will be in the name of the corporation, but the corporation will be considered your asset. If someone sues you, they can go after your assets… including your ownership of the corporation.

From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

A corporation is considered a legal ‘entity’. What you may be looking for, for the protection of property etc, may be a trust.

[larrylujack]

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.
oh, I would not take any more advice from your so-called friend who suggested the idea as the idea is terribly stupid.

[EconProf]

BobS
Dump this “friend”.
Incorporating seldom makes legal or financial sense for 98% of the average population.
It costs $800 PER YEAR in California, plus significant first year start-up costs, probably with a lawyer.
Only really helps if you are suit-prone, have major assets to shield, doing something that could prompt others to sue, etc.

[kismetsdad]

Ditto on the $800. You also would have to file Corporate income taxes State and Local regardless of whether you owe anything. WE incorporated on a 4 person airplane ownership which did make sense. It protected me if one of my partners crashed and created liability. The paperwork and the $800 were a pain however.

[kismetsdad]

Ditto on the $800. You also would have to file Corporate income taxes State and Local regardless of whether you owe anything. WE incorporated on a 4 person airplane ownership which did make sense. It protected me if one of my partners crashed and created liability. The paperwork and the $800 were a pain however.

[kismetsdad]

Ditto on the $800. You also would have to file Corporate income taxes State and Local regardless of whether you owe anything. WE incorporated on a 4 person airplane ownership which did make sense. It protected me if one of my partners crashed and created liability. The paperwork and the $800 were a pain however.

[kismetsdad]

Ditto on the $800. You also would have to file Corporate income taxes State and Local regardless of whether you owe anything. WE incorporated on a 4 person airplane ownership which did make sense. It protected me if one of my partners crashed and created liability. The paperwork and the $800 were a pain however.

[kismetsdad]

Ditto on the $800. You also would have to file Corporate income taxes State and Local regardless of whether you owe anything. WE incorporated on a 4 person airplane ownership which did make sense. It protected me if one of my partners crashed and created liability. The paperwork and the $800 were a pain however.

[EconProf]

BobS
Dump this “friend”.
Incorporating seldom makes legal or financial sense for 98% of the average population.
It costs $800 PER YEAR in California, plus significant first year start-up costs, probably with a lawyer.
Only really helps if you are suit-prone, have major assets to shield, doing something that could prompt others to sue, etc.

[EconProf]

BobS
Dump this “friend”.
Incorporating seldom makes legal or financial sense for 98% of the average population.
It costs $800 PER YEAR in California, plus significant first year start-up costs, probably with a lawyer.
Only really helps if you are suit-prone, have major assets to shield, doing something that could prompt others to sue, etc.

[EconProf]

BobS
Dump this “friend”.
Incorporating seldom makes legal or financial sense for 98% of the average population.
It costs $800 PER YEAR in California, plus significant first year start-up costs, probably with a lawyer.
Only really helps if you are suit-prone, have major assets to shield, doing something that could prompt others to sue, etc.

[EconProf]

BobS
Dump this “friend”.
Incorporating seldom makes legal or financial sense for 98% of the average population.
It costs $800 PER YEAR in California, plus significant first year start-up costs, probably with a lawyer.
Only really helps if you are suit-prone, have major assets to shield, doing something that could prompt others to sue, etc.

[Anonymous]

“From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

uc, this is the scenario my friend was recommending. I form the corporation and put the assets in the corps name or have the corp buy the assets.

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.

larrylujack, in my profession, I am able to contract my services out with or without working for another entity. According to the person who voluntared this info to me, since I will be writing reports, I can write off the office I work in, my fax/copier/scanner, personal computer, and any other office equipment.

So, I was wondering if incorporating was worth it. My friend says it is worth it just for the asset protection alone. He says they can’t touch the corporation if the were to sue me because I am not the corporation. Also, they couldn’t touch my assets because my assets would be owned by the corp. even though I own the corp.

Also, I heard about “double taxation” anyone know about this? I was told if you form a certain type of corp. there is a way around that.

I’m just considering what my friend said at this point and asking questions.

P.S. And he said incorp. in Nevada.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Anonymous]

“From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

uc, this is the scenario my friend was recommending. I form the corporation and put the assets in the corps name or have the corp buy the assets.

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.

larrylujack, in my profession, I am able to contract my services out with or without working for another entity. According to the person who voluntared this info to me, since I will be writing reports, I can write off the office I work in, my fax/copier/scanner, personal computer, and any other office equipment.

So, I was wondering if incorporating was worth it. My friend says it is worth it just for the asset protection alone. He says they can’t touch the corporation if the were to sue me because I am not the corporation. Also, they couldn’t touch my assets because my assets would be owned by the corp. even though I own the corp.

Also, I heard about “double taxation” anyone know about this? I was told if you form a certain type of corp. there is a way around that.

I’m just considering what my friend said at this point and asking questions.

P.S. And he said incorp. in Nevada.

[Anonymous]

“From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

uc, this is the scenario my friend was recommending. I form the corporation and put the assets in the corps name or have the corp buy the assets.

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.

larrylujack, in my profession, I am able to contract my services out with or without working for another entity. According to the person who voluntared this info to me, since I will be writing reports, I can write off the office I work in, my fax/copier/scanner, personal computer, and any other office equipment.

So, I was wondering if incorporating was worth it. My friend says it is worth it just for the asset protection alone. He says they can’t touch the corporation if the were to sue me because I am not the corporation. Also, they couldn’t touch my assets because my assets would be owned by the corp. even though I own the corp.

Also, I heard about “double taxation” anyone know about this? I was told if you form a certain type of corp. there is a way around that.

I’m just considering what my friend said at this point and asking questions.

P.S. And he said incorp. in Nevada.

[Anonymous]

“From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

uc, this is the scenario my friend was recommending. I form the corporation and put the assets in the corps name or have the corp buy the assets.

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.

larrylujack, in my profession, I am able to contract my services out with or without working for another entity. According to the person who voluntared this info to me, since I will be writing reports, I can write off the office I work in, my fax/copier/scanner, personal computer, and any other office equipment.

So, I was wondering if incorporating was worth it. My friend says it is worth it just for the asset protection alone. He says they can’t touch the corporation if the were to sue me because I am not the corporation. Also, they couldn’t touch my assets because my assets would be owned by the corp. even though I own the corp.

Also, I heard about “double taxation” anyone know about this? I was told if you form a certain type of corp. there is a way around that.

I’m just considering what my friend said at this point and asking questions.

P.S. And he said incorp. in Nevada.

[Anonymous]

“From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

uc, this is the scenario my friend was recommending. I form the corporation and put the assets in the corps name or have the corp buy the assets.

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.

larrylujack, in my profession, I am able to contract my services out with or without working for another entity. According to the person who voluntared this info to me, since I will be writing reports, I can write off the office I work in, my fax/copier/scanner, personal computer, and any other office equipment.

So, I was wondering if incorporating was worth it. My friend says it is worth it just for the asset protection alone. He says they can’t touch the corporation if the were to sue me because I am not the corporation. Also, they couldn’t touch my assets because my assets would be owned by the corp. even though I own the corp.

Also, I heard about “double taxation” anyone know about this? I was told if you form a certain type of corp. there is a way around that.

I’m just considering what my friend said at this point and asking questions.

P.S. And he said incorp. in Nevada.

[larrylujack]

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.
oh, I would not take any more advice from your so-called friend who suggested the idea as the idea is terribly stupid.

[larrylujack]

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.
oh, I would not take any more advice from your so-called friend who suggested the idea as the idea is terribly stupid.

[larrylujack]

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.
oh, I would not take any more advice from your so-called friend who suggested the idea as the idea is terribly stupid.

[larrylujack]

it may not be illegal but it is retarded. a corporation ostensibly needs to be a going concern, not just a way to shield assets from creditors.
besides, you don’t own a business or home anyway so what is the point, are you a deadbeat trying to hide your assets from creditors? If so, in a lawsuit a plaintiff against you could simply pierce the corporate shield anyway so you will derive no benefit.
oh, I would not take any more advice from your so-called friend who suggested the idea as the idea is terribly stupid.

[ucodegen]

My understanding is that it works the other way around…

From the side of the corporate owner:
Your house and car will be in the name of the corporation, but the corporation will be considered your asset. If someone sues you, they can go after your assets… including your ownership of the corporation.

From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

A corporation is considered a legal ‘entity’. What you may be looking for, for the protection of property etc, may be a trust.

[ucodegen]

My understanding is that it works the other way around…

From the side of the corporate owner:
Your house and car will be in the name of the corporation, but the corporation will be considered your asset. If someone sues you, they can go after your assets… including your ownership of the corporation.

From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

A corporation is considered a legal ‘entity’. What you may be looking for, for the protection of property etc, may be a trust.

[ucodegen]

My understanding is that it works the other way around…

From the side of the corporate owner:
Your house and car will be in the name of the corporation, but the corporation will be considered your asset. If someone sues you, they can go after your assets… including your ownership of the corporation.

From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

A corporation is considered a legal ‘entity’. What you may be looking for, for the protection of property etc, may be a trust.

[ucodegen]

My understanding is that it works the other way around…

From the side of the corporate owner:
Your house and car will be in the name of the corporation, but the corporation will be considered your asset. If someone sues you, they can go after your assets… including your ownership of the corporation.

From the side of the corporation:
If you are doing business under a corporation and someone sues the corporation.. they can go after the corporation’s assets, but not yours.

A corporation is considered a legal ‘entity’. What you may be looking for, for the protection of property etc, may be a trust.

[Coronita]

I wouldn't entirely count this out as a valid shelter. There are plenty of people (both crooks and non-crooks) that appeared to use corps as asset shelters. The question is, minus the trival costs of setting up a corp for this purpose, and managing the day to day operation, I'm actually curious to hear how someone would use this to protect assets. I'm sure it's can be done, just very few people know or are willing to talk about it.

I really wish we had an blogger here that's an estate lawyer that could talk about liability shelters. It's a valid concern, especially living in a sue happy state.

 

My perspective though.

 

In most cases, if you're only concern is about getting sued because you have assets (say if you get into an accident, or someone slips and falls on your porch), getting a nice liability insurance on both home and auto AND adding an umbrella coverage would be a good start. Total coverage of $1million of liability would be a start.As insurance companies are cheap and will resist payouts, they will fight to defend against frivolous lawsuits. Particularly in a sue happy state CA, this is useful if you get into a fenderbender, even if it wasn't your fault..some idiot will always try to make money off of it. Second rule is to keep a nice camera in the car so when the accident happens, snap a nice picture before moving any vehicles (I have a nice webcam that also films when, just in case those nice people who drive big SUVs should happen to leave me nice door dings in the shopping malls and accidentally forget to leave a note)

 

It also helps to put things in other people's names and the account types matter. In some states, retirement accounts aren't subject to creditors. In CA, i'm not so sure (But I'm not a lawyer, and can't speak with certainty).

 

There's also things with irrevocable trust accounts and foundations which I haven't investiagated. I wish someone here could speak to that. NOTE: Living Trusts don't necessarily add any asset protection according to lawyers that I spoke with. They only facilitate distribution of wealth at death by avoiding to go to probate and offer some increased exemptions from estate taxes for married couples.

 

One thing about 529 education savings account. I did read that the 529K education plan accounts weren't considered a protected account in CA. Other states treat this similar to a retirement account and creditors can't go after it.

[Coronita]

I wouldn't entirely count this out as a valid shelter. There are plenty of people (both crooks and non-crooks) that appeared to use corps as asset shelters. The question is, minus the trival costs of setting up a corp for this purpose, and managing the day to day operation, I'm actually curious to hear how someone would use this to protect assets. I'm sure it's can be done, just very few people know or are willing to talk about it.

I really wish we had an blogger here that's an estate lawyer that could talk about liability shelters. It's a valid concern, especially living in a sue happy state.

 

My perspective though.

 

In most cases, if you're only concern is about getting sued because you have assets (say if you get into an accident, or someone slips and falls on your porch), getting a nice liability insurance on both home and auto AND adding an umbrella coverage would be a good start. Total coverage of $1million of liability would be a start.As insurance companies are cheap and will resist payouts, they will fight to defend against frivolous lawsuits. Particularly in a sue happy state CA, this is useful if you get into a fenderbender, even if it wasn't your fault..some idiot will always try to make money off of it. Second rule is to keep a nice camera in the car so when the accident happens, snap a nice picture before moving any vehicles (I have a nice webcam that also films when, just in case those nice people who drive big SUVs should happen to leave me nice door dings in the shopping malls and accidentally forget to leave a note)

 

It also helps to put things in other people's names and the account types matter. In some states, retirement accounts aren't subject to creditors. In CA, i'm not so sure (But I'm not a lawyer, and can't speak with certainty).

 

There's also things with irrevocable trust accounts and foundations which I haven't investiagated. I wish someone here could speak to that. NOTE: Living Trusts don't necessarily add any asset protection according to lawyers that I spoke with. They only facilitate distribution of wealth at death by avoiding to go to probate and offer some increased exemptions from estate taxes for married couples.

 

One thing about 529 education savings account. I did read that the 529K education plan accounts weren't considered a protected account in CA. Other states treat this similar to a retirement account and creditors can't go after it.

[Coronita]

I wouldn't entirely count this out as a valid shelter. There are plenty of people (both crooks and non-crooks) that appeared to use corps as asset shelters. The question is, minus the trival costs of setting up a corp for this purpose, and managing the day to day operation, I'm actually curious to hear how someone would use this to protect assets. I'm sure it's can be done, just very few people know or are willing to talk about it.

I really wish we had an blogger here that's an estate lawyer that could talk about liability shelters. It's a valid concern, especially living in a sue happy state.

 

My perspective though.

 

In most cases, if you're only concern is about getting sued because you have assets (say if you get into an accident, or someone slips and falls on your porch), getting a nice liability insurance on both home and auto AND adding an umbrella coverage would be a good start. Total coverage of $1million of liability would be a start.As insurance companies are cheap and will resist payouts, they will fight to defend against frivolous lawsuits. Particularly in a sue happy state CA, this is useful if you get into a fenderbender, even if it wasn't your fault..some idiot will always try to make money off of it. Second rule is to keep a nice camera in the car so when the accident happens, snap a nice picture before moving any vehicles (I have a nice webcam that also films when, just in case those nice people who drive big SUVs should happen to leave me nice door dings in the shopping malls and accidentally forget to leave a note)

 

It also helps to put things in other people's names and the account types matter. In some states, retirement accounts aren't subject to creditors. In CA, i'm not so sure (But I'm not a lawyer, and can't speak with certainty).

 

There's also things with irrevocable trust accounts and foundations which I haven't investiagated. I wish someone here could speak to that. NOTE: Living Trusts don't necessarily add any asset protection according to lawyers that I spoke with. They only facilitate distribution of wealth at death by avoiding to go to probate and offer some increased exemptions from estate taxes for married couples.

 

One thing about 529 education savings account. I did read that the 529K education plan accounts weren't considered a protected account in CA. Other states treat this similar to a retirement account and creditors can't go after it.

[Coronita]

I wouldn't entirely count this out as a valid shelter. There are plenty of people (both crooks and non-crooks) that appeared to use corps as asset shelters. The question is, minus the trival costs of setting up a corp for this purpose, and managing the day to day operation, I'm actually curious to hear how someone would use this to protect assets. I'm sure it's can be done, just very few people know or are willing to talk about it.

I really wish we had an blogger here that's an estate lawyer that could talk about liability shelters. It's a valid concern, especially living in a sue happy state.

 

My perspective though.

 

In most cases, if you're only concern is about getting sued because you have assets (say if you get into an accident, or someone slips and falls on your porch), getting a nice liability insurance on both home and auto AND adding an umbrella coverage would be a good start. Total coverage of $1million of liability would be a start.As insurance companies are cheap and will resist payouts, they will fight to defend against frivolous lawsuits. Particularly in a sue happy state CA, this is useful if you get into a fenderbender, even if it wasn't your fault..some idiot will always try to make money off of it. Second rule is to keep a nice camera in the car so when the accident happens, snap a nice picture before moving any vehicles (I have a nice webcam that also films when, just in case those nice people who drive big SUVs should happen to leave me nice door dings in the shopping malls and accidentally forget to leave a note)

 

It also helps to put things in other people's names and the account types matter. In some states, retirement accounts aren't subject to creditors. In CA, i'm not so sure (But I'm not a lawyer, and can't speak with certainty).

 

There's also things with irrevocable trust accounts and foundations which I haven't investiagated. I wish someone here could speak to that. NOTE: Living Trusts don't necessarily add any asset protection according to lawyers that I spoke with. They only facilitate distribution of wealth at death by avoiding to go to probate and offer some increased exemptions from estate taxes for married couples.

 

One thing about 529 education savings account. I did read that the 529K education plan accounts weren't considered a protected account in CA. Other states treat this similar to a retirement account and creditors can't go after it.

[Coronita]

I wouldn't entirely count this out as a valid shelter. There are plenty of people (both crooks and non-crooks) that appeared to use corps as asset shelters. The question is, minus the trival costs of setting up a corp for this purpose, and managing the day to day operation, I'm actually curious to hear how someone would use this to protect assets. I'm sure it's can be done, just very few people know or are willing to talk about it.

I really wish we had an blogger here that's an estate lawyer that could talk about liability shelters. It's a valid concern, especially living in a sue happy state.

 

My perspective though.

 

In most cases, if you're only concern is about getting sued because you have assets (say if you get into an accident, or someone slips and falls on your porch), getting a nice liability insurance on both home and auto AND adding an umbrella coverage would be a good start. Total coverage of $1million of liability would be a start.As insurance companies are cheap and will resist payouts, they will fight to defend against frivolous lawsuits. Particularly in a sue happy state CA, this is useful if you get into a fenderbender, even if it wasn't your fault..some idiot will always try to make money off of it. Second rule is to keep a nice camera in the car so when the accident happens, snap a nice picture before moving any vehicles (I have a nice webcam that also films when, just in case those nice people who drive big SUVs should happen to leave me nice door dings in the shopping malls and accidentally forget to leave a note)

 

It also helps to put things in other people's names and the account types matter. In some states, retirement accounts aren't subject to creditors. In CA, i'm not so sure (But I'm not a lawyer, and can't speak with certainty).

 

There's also things with irrevocable trust accounts and foundations which I haven't investiagated. I wish someone here could speak to that. NOTE: Living Trusts don't necessarily add any asset protection according to lawyers that I spoke with. They only facilitate distribution of wealth at death by avoiding to go to probate and offer some increased exemptions from estate taxes for married couples.

 

One thing about 529 education savings account. I did read that the 529K education plan accounts weren't considered a protected account in CA. Other states treat this similar to a retirement account and creditors can't go after it.

[Troubled Loner]

I’m a professional in the tax field, and I feel the need to address these issues. There is a lot of misinformation out there! I get similar questions all the time from my small business owner clients who are considering incorporating, and seem to be under the impression that a corporation is the greatest thing in the world.

1) re tax issues and corporations, double taxation does occur with a C corporation; this can be avoided by choosing to be taxed as an “S” corporation, where all profits flow through to the shareholder(s). However, until net profit is at least $30,000 or more, it is generally not advantageous from a tax perspective for someone to be incorporated, due to the ability to have some of their income be distributions that avoid the 15.3% self-employment tax. Some things to consider, if a small business goes from a sole proprietor to an “S” corporation, and that small business was taking the home office deduction, they cannot take that deduction as a corporation. For many clients, this results in the loss of a substantial expense deduction. Also, once becoming a corporation they must become an employee of the corporation, which brings on all the hassle of payroll and regular IRS reports and filings; most people pay a payroll company such as Paychex to do their payroll, thus taking on more expenses. Another expense is the annual $800 which must be paid to California. Also, certain benefits that one can set up as a sole proprietor cannot be utilized as an S corporation. Keep in mind all the formalities of starting and maintaining a corporation. It has to done right, and maintained legitimately, otherwise the corporation will not be taken seriously if challenged (“piercing the corporate veil”).

2) re: asset protection of a corporation – typically those who stand to benefit the most from incorporating are those who own a business and have employees who could potentially do harm to others, for example a delivery driver who hits a pedestrian with the company car while on duty. In this example, if the corporation were to get sued, only the assets in the corporation are exposed. Conversely, if a sole proprietor’s employee were to hit someone with their car and were sued, none of the owner’s personal or business assets would be protected, such that their house, car, savings, etc would be exposed.

There seems to be a belief that if someone is incorporated that they can get away with just about anything and not be exposed to legal action and/or loss of their personal assets. This is not true. If you negligently run down someone on the street and get sued, the corporation is not going to protect you and your assets.

3) Nevada corporations – unless you want to hide your identity, becoming a Nevada corporation is a waste of additional time and resources (same with a Nevada LLC). Some think that they can avoid the $800 California FTB annual tax, this is not true, they must register with CA if they are doing business in CA, and still pay the $800. Plus you need to have someone in Nevada be available for service (they’re not going to do this for free…)

None of this is to be taken as tax advice. This is general information, each person’s individual situation needs to be evaluated to determine what business entity works best for them.

[VoZangre]

tHAT bIG iDEA

Read twixt the lines, my fellow little Piggies!

Marion is OBviously the patent holder on the newest bestest betterest mousetrap that ever was or will be!

Soon those pesky hanta-virus vectors, the disgusting murine marauders will be going down like nobody’s business… her accounts will be swelling like the Nile in flood season, and she’ll be buying up property’s like they was hotcakes soggy with molasses…

the glory will be amazingly healthy for her skin and she will glow likes she’s preggers and still be as slim as Gywneth Paltrow ( though much better looking )

and then, and ONLY then, will she hold interviews for her personal potential Romeo…

ciao for now…

Voz

[Anonymous]

Voz, do you mind? We’re trying to discuss corporations here.

[Anonymous]

Voz, do you mind? We’re trying to discuss corporations here.

[Anonymous]

Voz, do you mind? We’re trying to discuss corporations here.

[Anonymous]

Voz, do you mind? We’re trying to discuss corporations here.

[Anonymous]

Voz, do you mind? We’re trying to discuss corporations here.

[VoZangre]

tHAT bIG iDEA

Read twixt the lines, my fellow little Piggies!

Marion is OBviously the patent holder on the newest bestest betterest mousetrap that ever was or will be!

Soon those pesky hanta-virus vectors, the disgusting murine marauders will be going down like nobody’s business… her accounts will be swelling like the Nile in flood season, and she’ll be buying up property’s like they was hotcakes soggy with molasses…

the glory will be amazingly healthy for her skin and she will glow likes she’s preggers and still be as slim as Gywneth Paltrow ( though much better looking )

and then, and ONLY then, will she hold interviews for her personal potential Romeo…

ciao for now…

Voz

[VoZangre]

tHAT bIG iDEA

Read twixt the lines, my fellow little Piggies!

Marion is OBviously the patent holder on the newest bestest betterest mousetrap that ever was or will be!

Soon those pesky hanta-virus vectors, the disgusting murine marauders will be going down like nobody’s business… her accounts will be swelling like the Nile in flood season, and she’ll be buying up property’s like they was hotcakes soggy with molasses…

the glory will be amazingly healthy for her skin and she will glow likes she’s preggers and still be as slim as Gywneth Paltrow ( though much better looking )

and then, and ONLY then, will she hold interviews for her personal potential Romeo…

ciao for now…

Voz

[VoZangre]

tHAT bIG iDEA

Read twixt the lines, my fellow little Piggies!

Marion is OBviously the patent holder on the newest bestest betterest mousetrap that ever was or will be!

Soon those pesky hanta-virus vectors, the disgusting murine marauders will be going down like nobody’s business… her accounts will be swelling like the Nile in flood season, and she’ll be buying up property’s like they was hotcakes soggy with molasses…

the glory will be amazingly healthy for her skin and she will glow likes she’s preggers and still be as slim as Gywneth Paltrow ( though much better looking )

and then, and ONLY then, will she hold interviews for her personal potential Romeo…

ciao for now…

Voz

[VoZangre]

tHAT bIG iDEA

Read twixt the lines, my fellow little Piggies!

Marion is OBviously the patent holder on the newest bestest betterest mousetrap that ever was or will be!

Soon those pesky hanta-virus vectors, the disgusting murine marauders will be going down like nobody’s business… her accounts will be swelling like the Nile in flood season, and she’ll be buying up property’s like they was hotcakes soggy with molasses…

the glory will be amazingly healthy for her skin and she will glow likes she’s preggers and still be as slim as Gywneth Paltrow ( though much better looking )

and then, and ONLY then, will she hold interviews for her personal potential Romeo…

ciao for now…

Voz

[Troubled Loner]

I’m a professional in the tax field, and I feel the need to address these issues. There is a lot of misinformation out there! I get similar questions all the time from my small business owner clients who are considering incorporating, and seem to be under the impression that a corporation is the greatest thing in the world.

1) re tax issues and corporations, double taxation does occur with a C corporation; this can be avoided by choosing to be taxed as an “S” corporation, where all profits flow through to the shareholder(s). However, until net profit is at least $30,000 or more, it is generally not advantageous from a tax perspective for someone to be incorporated, due to the ability to have some of their income be distributions that avoid the 15.3% self-employment tax. Some things to consider, if a small business goes from a sole proprietor to an “S” corporation, and that small business was taking the home office deduction, they cannot take that deduction as a corporation. For many clients, this results in the loss of a substantial expense deduction. Also, once becoming a corporation they must become an employee of the corporation, which brings on all the hassle of payroll and regular IRS reports and filings; most people pay a payroll company such as Paychex to do their payroll, thus taking on more expenses. Another expense is the annual $800 which must be paid to California. Also, certain benefits that one can set up as a sole proprietor cannot be utilized as an S corporation. Keep in mind all the formalities of starting and maintaining a corporation. It has to done right, and maintained legitimately, otherwise the corporation will not be taken seriously if challenged (“piercing the corporate veil”).

2) re: asset protection of a corporation – typically those who stand to benefit the most from incorporating are those who own a business and have employees who could potentially do harm to others, for example a delivery driver who hits a pedestrian with the company car while on duty. In this example, if the corporation were to get sued, only the assets in the corporation are exposed. Conversely, if a sole proprietor’s employee were to hit someone with their car and were sued, none of the owner’s personal or business assets would be protected, such that their house, car, savings, etc would be exposed.

There seems to be a belief that if someone is incorporated that they can get away with just about anything and not be exposed to legal action and/or loss of their personal assets. This is not true. If you negligently run down someone on the street and get sued, the corporation is not going to protect you and your assets.

3) Nevada corporations – unless you want to hide your identity, becoming a Nevada corporation is a waste of additional time and resources (same with a Nevada LLC). Some think that they can avoid the $800 California FTB annual tax, this is not true, they must register with CA if they are doing business in CA, and still pay the $800. Plus you need to have someone in Nevada be available for service (they’re not going to do this for free…)

None of this is to be taken as tax advice. This is general information, each person’s individual situation needs to be evaluated to determine what business entity works best for them.

[Troubled Loner]

I’m a professional in the tax field, and I feel the need to address these issues. There is a lot of misinformation out there! I get similar questions all the time from my small business owner clients who are considering incorporating, and seem to be under the impression that a corporation is the greatest thing in the world.

1) re tax issues and corporations, double taxation does occur with a C corporation; this can be avoided by choosing to be taxed as an “S” corporation, where all profits flow through to the shareholder(s). However, until net profit is at least $30,000 or more, it is generally not advantageous from a tax perspective for someone to be incorporated, due to the ability to have some of their income be distributions that avoid the 15.3% self-employment tax. Some things to consider, if a small business goes from a sole proprietor to an “S” corporation, and that small business was taking the home office deduction, they cannot take that deduction as a corporation. For many clients, this results in the loss of a substantial expense deduction. Also, once becoming a corporation they must become an employee of the corporation, which brings on all the hassle of payroll and regular IRS reports and filings; most people pay a payroll company such as Paychex to do their payroll, thus taking on more expenses. Another expense is the annual $800 which must be paid to California. Also, certain benefits that one can set up as a sole proprietor cannot be utilized as an S corporation. Keep in mind all the formalities of starting and maintaining a corporation. It has to done right, and maintained legitimately, otherwise the corporation will not be taken seriously if challenged (“piercing the corporate veil”).

2) re: asset protection of a corporation – typically those who stand to benefit the most from incorporating are those who own a business and have employees who could potentially do harm to others, for example a delivery driver who hits a pedestrian with the company car while on duty. In this example, if the corporation were to get sued, only the assets in the corporation are exposed. Conversely, if a sole proprietor’s employee were to hit someone with their car and were sued, none of the owner’s personal or business assets would be protected, such that their house, car, savings, etc would be exposed.

There seems to be a belief that if someone is incorporated that they can get away with just about anything and not be exposed to legal action and/or loss of their personal assets. This is not true. If you negligently run down someone on the street and get sued, the corporation is not going to protect you and your assets.

3) Nevada corporations – unless you want to hide your identity, becoming a Nevada corporation is a waste of additional time and resources (same with a Nevada LLC). Some think that they can avoid the $800 California FTB annual tax, this is not true, they must register with CA if they are doing business in CA, and still pay the $800. Plus you need to have someone in Nevada be available for service (they’re not going to do this for free…)

None of this is to be taken as tax advice. This is general information, each person’s individual situation needs to be evaluated to determine what business entity works best for them.

[Troubled Loner]

I’m a professional in the tax field, and I feel the need to address these issues. There is a lot of misinformation out there! I get similar questions all the time from my small business owner clients who are considering incorporating, and seem to be under the impression that a corporation is the greatest thing in the world.

1) re tax issues and corporations, double taxation does occur with a C corporation; this can be avoided by choosing to be taxed as an “S” corporation, where all profits flow through to the shareholder(s). However, until net profit is at least $30,000 or more, it is generally not advantageous from a tax perspective for someone to be incorporated, due to the ability to have some of their income be distributions that avoid the 15.3% self-employment tax. Some things to consider, if a small business goes from a sole proprietor to an “S” corporation, and that small business was taking the home office deduction, they cannot take that deduction as a corporation. For many clients, this results in the loss of a substantial expense deduction. Also, once becoming a corporation they must become an employee of the corporation, which brings on all the hassle of payroll and regular IRS reports and filings; most people pay a payroll company such as Paychex to do their payroll, thus taking on more expenses. Another expense is the annual $800 which must be paid to California. Also, certain benefits that one can set up as a sole proprietor cannot be utilized as an S corporation. Keep in mind all the formalities of starting and maintaining a corporation. It has to done right, and maintained legitimately, otherwise the corporation will not be taken seriously if challenged (“piercing the corporate veil”).

2) re: asset protection of a corporation – typically those who stand to benefit the most from incorporating are those who own a business and have employees who could potentially do harm to others, for example a delivery driver who hits a pedestrian with the company car while on duty. In this example, if the corporation were to get sued, only the assets in the corporation are exposed. Conversely, if a sole proprietor’s employee were to hit someone with their car and were sued, none of the owner’s personal or business assets would be protected, such that their house, car, savings, etc would be exposed.

There seems to be a belief that if someone is incorporated that they can get away with just about anything and not be exposed to legal action and/or loss of their personal assets. This is not true. If you negligently run down someone on the street and get sued, the corporation is not going to protect you and your assets.

3) Nevada corporations – unless you want to hide your identity, becoming a Nevada corporation is a waste of additional time and resources (same with a Nevada LLC). Some think that they can avoid the $800 California FTB annual tax, this is not true, they must register with CA if they are doing business in CA, and still pay the $800. Plus you need to have someone in Nevada be available for service (they’re not going to do this for free…)

None of this is to be taken as tax advice. This is general information, each person’s individual situation needs to be evaluated to determine what business entity works best for them.

[Troubled Loner]

I’m a professional in the tax field, and I feel the need to address these issues. There is a lot of misinformation out there! I get similar questions all the time from my small business owner clients who are considering incorporating, and seem to be under the impression that a corporation is the greatest thing in the world.

1) re tax issues and corporations, double taxation does occur with a C corporation; this can be avoided by choosing to be taxed as an “S” corporation, where all profits flow through to the shareholder(s). However, until net profit is at least $30,000 or more, it is generally not advantageous from a tax perspective for someone to be incorporated, due to the ability to have some of their income be distributions that avoid the 15.3% self-employment tax. Some things to consider, if a small business goes from a sole proprietor to an “S” corporation, and that small business was taking the home office deduction, they cannot take that deduction as a corporation. For many clients, this results in the loss of a substantial expense deduction. Also, once becoming a corporation they must become an employee of the corporation, which brings on all the hassle of payroll and regular IRS reports and filings; most people pay a payroll company such as Paychex to do their payroll, thus taking on more expenses. Another expense is the annual $800 which must be paid to California. Also, certain benefits that one can set up as a sole proprietor cannot be utilized as an S corporation. Keep in mind all the formalities of starting and maintaining a corporation. It has to done right, and maintained legitimately, otherwise the corporation will not be taken seriously if challenged (“piercing the corporate veil”).

2) re: asset protection of a corporation – typically those who stand to benefit the most from incorporating are those who own a business and have employees who could potentially do harm to others, for example a delivery driver who hits a pedestrian with the company car while on duty. In this example, if the corporation were to get sued, only the assets in the corporation are exposed. Conversely, if a sole proprietor’s employee were to hit someone with their car and were sued, none of the owner’s personal or business assets would be protected, such that their house, car, savings, etc would be exposed.

There seems to be a belief that if someone is incorporated that they can get away with just about anything and not be exposed to legal action and/or loss of their personal assets. This is not true. If you negligently run down someone on the street and get sued, the corporation is not going to protect you and your assets.

3) Nevada corporations – unless you want to hide your identity, becoming a Nevada corporation is a waste of additional time and resources (same with a Nevada LLC). Some think that they can avoid the $800 California FTB annual tax, this is not true, they must register with CA if they are doing business in CA, and still pay the $800. Plus you need to have someone in Nevada be available for service (they’re not going to do this for free…)

None of this is to be taken as tax advice. This is general information, each person’s individual situation needs to be evaluated to determine what business entity works best for them.

[PCinSD]

People like Marion keep me in business.

pabloesqobar

[Anonymous]

Pabloesqobar, you are really starting to freak me out.

I ask that you and vozangre take your sleazy comments and keep them over on the other off-topic threads instead of following me over here to this one. We are talking about corporations here, and I ask you to respect that.

[Anonymous]

What’s your profession pablo, divorce lawyer? Hitman??

[mgubnyc1]

Marion, have you considered the 250,000 per single or 500,000 per married couple your allowed tax free every 2 years on the profit of your primary residence? Why would you give this up by placing your home in the corporation?

I’m pretty sure if your home is owned by the corporation you would loose this.

[Raybyrnes]

If people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100

Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.

Talk of individuals incorporating to avoid liability is nonsense.

[Raybyrnes]

If people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100

Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.

Talk of individuals incorporating to avoid liability is nonsense.

[Raybyrnes]

If people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100

Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.

Talk of individuals incorporating to avoid liability is nonsense.

[Raybyrnes]

If people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100

Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.

Talk of individuals incorporating to avoid liability is nonsense.

[Raybyrnes]

If people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100

Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.

Talk of individuals incorporating to avoid liability is nonsense.

[mgubnyc1]

Marion, have you considered the 250,000 per single or 500,000 per married couple your allowed tax free every 2 years on the profit of your primary residence? Why would you give this up by placing your home in the corporation?

I’m pretty sure if your home is owned by the corporation you would loose this.

[mgubnyc1]

Marion, have you considered the 250,000 per single or 500,000 per married couple your allowed tax free every 2 years on the profit of your primary residence? Why would you give this up by placing your home in the corporation?

I’m pretty sure if your home is owned by the corporation you would loose this.

[mgubnyc1]

Marion, have you considered the 250,000 per single or 500,000 per married couple your allowed tax free every 2 years on the profit of your primary residence? Why would you give this up by placing your home in the corporation?

I’m pretty sure if your home is owned by the corporation you would loose this.

[mgubnyc1]

Marion, have you considered the 250,000 per single or 500,000 per married couple your allowed tax free every 2 years on the profit of your primary residence? Why would you give this up by placing your home in the corporation?

I’m pretty sure if your home is owned by the corporation you would loose this.

[Anonymous]

What’s your profession pablo, divorce lawyer? Hitman??

[Anonymous]

What’s your profession pablo, divorce lawyer? Hitman??

[Anonymous]

What’s your profession pablo, divorce lawyer? Hitman??

[Anonymous]

What’s your profession pablo, divorce lawyer? Hitman??

[Anonymous]

Pabloesqobar, you are really starting to freak me out.

I ask that you and vozangre take your sleazy comments and keep them over on the other off-topic threads instead of following me over here to this one. We are talking about corporations here, and I ask you to respect that.

[Anonymous]

Pabloesqobar, you are really starting to freak me out.

I ask that you and vozangre take your sleazy comments and keep them over on the other off-topic threads instead of following me over here to this one. We are talking about corporations here, and I ask you to respect that.

[Anonymous]

Pabloesqobar, you are really starting to freak me out.

I ask that you and vozangre take your sleazy comments and keep them over on the other off-topic threads instead of following me over here to this one. We are talking about corporations here, and I ask you to respect that.

[Anonymous]

Pabloesqobar, you are really starting to freak me out.

I ask that you and vozangre take your sleazy comments and keep them over on the other off-topic threads instead of following me over here to this one. We are talking about corporations here, and I ask you to respect that.

[PCinSD]

People like Marion keep me in business.

pabloesqobar

[PCinSD]

People like Marion keep me in business.

pabloesqobar

[PCinSD]

People like Marion keep me in business.

pabloesqobar

[PCinSD]

People like Marion keep me in business.

pabloesqobar

[PCinSD]

Marion,

People like you keep me in business. It’s a fact. I’m unclear as to how that is a sleazy statement. Maybe that was just a knee-jerk response on your part because of previous posts.

I represent individuals and corporations AFTER they have gotten themselves in trouble and are in litigation. In some cases because they were too lazy to research the issue or too cheap to get the proper advice beforehand. Let me ask you: How much research have you done about incorporating before posting your question to random people online? Did you do an internet search? Go to the library? Could you share your findings? A little self help goes a long way – In every aspect of your life. When you get serious about figuring things out for yourself rather than hoping for the easy answer from anonymous people things might turn around for you.

I’m sure at some level you’re a decent person. I’m sure you don’t teach your children to rely on internet blogs to answer life’s questions. You probably tell them to study hard, take responsibility, make informed decisions.

I don’t give out legal advice online. But there is a great series of legal books by NOLO Press that are designed for laymen. If you’re serious about this topic you may want to go to the library and check them out. Best of luck.

pabloesqobar

[Raybyrnes]

pabloesqobar

Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.

[VoZangre]

Hyperbole/Caricatures

Aw shucks, Marion, seems you’ve lost your sense of humor.. maybe there is a blog that’ll help you find it?

[VoZangre]

Hyperbole/Caricatures

Aw shucks, Marion, seems you’ve lost your sense of humor.. maybe there is a blog that’ll help you find it?

[VoZangre]

Hyperbole/Caricatures

Aw shucks, Marion, seems you’ve lost your sense of humor.. maybe there is a blog that’ll help you find it?

[VoZangre]

Hyperbole/Caricatures

Aw shucks, Marion, seems you’ve lost your sense of humor.. maybe there is a blog that’ll help you find it?

[VoZangre]

Hyperbole/Caricatures

Aw shucks, Marion, seems you’ve lost your sense of humor.. maybe there is a blog that’ll help you find it?

[Raybyrnes]

pabloesqobar

Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.

[Raybyrnes]

pabloesqobar

Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.

[Raybyrnes]

pabloesqobar

Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.

[Raybyrnes]

pabloesqobar

Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.

[Anonymous]

Pabloesqobar, I appreciate the advice, but i’m quite happy wiht the discussion thus far. Thanks.

Now how about telling me how I can get rid of you?

I’ll be honest, Pablo, you and Vozangre seem kind of unbalanced…

[Anonymous]

Pabloesqobar, I appreciate the advice, but i’m quite happy wiht the discussion thus far. Thanks.

Now how about telling me how I can get rid of you?

I’ll be honest, Pablo, you and Vozangre seem kind of unbalanced…

[Anonymous]

Pabloesqobar, I appreciate the advice, but i’m quite happy wiht the discussion thus far. Thanks.

Now how about telling me how I can get rid of you?

I’ll be honest, Pablo, you and Vozangre seem kind of unbalanced…

[Anonymous]

Pabloesqobar, I appreciate the advice, but i’m quite happy wiht the discussion thus far. Thanks.

Now how about telling me how I can get rid of you?

I’ll be honest, Pablo, you and Vozangre seem kind of unbalanced…

[Anonymous]

Pabloesqobar, I appreciate the advice, but i’m quite happy wiht the discussion thus far. Thanks.

Now how about telling me how I can get rid of you?

I’ll be honest, Pablo, you and Vozangre seem kind of unbalanced…

[PCinSD]

Marion,

People like you keep me in business. It’s a fact. I’m unclear as to how that is a sleazy statement. Maybe that was just a knee-jerk response on your part because of previous posts.

I represent individuals and corporations AFTER they have gotten themselves in trouble and are in litigation. In some cases because they were too lazy to research the issue or too cheap to get the proper advice beforehand. Let me ask you: How much research have you done about incorporating before posting your question to random people online? Did you do an internet search? Go to the library? Could you share your findings? A little self help goes a long way – In every aspect of your life. When you get serious about figuring things out for yourself rather than hoping for the easy answer from anonymous people things might turn around for you.

I’m sure at some level you’re a decent person. I’m sure you don’t teach your children to rely on internet blogs to answer life’s questions. You probably tell them to study hard, take responsibility, make informed decisions.

I don’t give out legal advice online. But there is a great series of legal books by NOLO Press that are designed for laymen. If you’re serious about this topic you may want to go to the library and check them out. Best of luck.

pabloesqobar

[PCinSD]

Marion,

People like you keep me in business. It’s a fact. I’m unclear as to how that is a sleazy statement. Maybe that was just a knee-jerk response on your part because of previous posts.

I represent individuals and corporations AFTER they have gotten themselves in trouble and are in litigation. In some cases because they were too lazy to research the issue or too cheap to get the proper advice beforehand. Let me ask you: How much research have you done about incorporating before posting your question to random people online? Did you do an internet search? Go to the library? Could you share your findings? A little self help goes a long way – In every aspect of your life. When you get serious about figuring things out for yourself rather than hoping for the easy answer from anonymous people things might turn around for you.

I’m sure at some level you’re a decent person. I’m sure you don’t teach your children to rely on internet blogs to answer life’s questions. You probably tell them to study hard, take responsibility, make informed decisions.

I don’t give out legal advice online. But there is a great series of legal books by NOLO Press that are designed for laymen. If you’re serious about this topic you may want to go to the library and check them out. Best of luck.

pabloesqobar

[PCinSD]

Marion,

People like you keep me in business. It’s a fact. I’m unclear as to how that is a sleazy statement. Maybe that was just a knee-jerk response on your part because of previous posts.

I represent individuals and corporations AFTER they have gotten themselves in trouble and are in litigation. In some cases because they were too lazy to research the issue or too cheap to get the proper advice beforehand. Let me ask you: How much research have you done about incorporating before posting your question to random people online? Did you do an internet search? Go to the library? Could you share your findings? A little self help goes a long way – In every aspect of your life. When you get serious about figuring things out for yourself rather than hoping for the easy answer from anonymous people things might turn around for you.

I’m sure at some level you’re a decent person. I’m sure you don’t teach your children to rely on internet blogs to answer life’s questions. You probably tell them to study hard, take responsibility, make informed decisions.

I don’t give out legal advice online. But there is a great series of legal books by NOLO Press that are designed for laymen. If you’re serious about this topic you may want to go to the library and check them out. Best of luck.

pabloesqobar

[PCinSD]

Marion,

People like you keep me in business. It’s a fact. I’m unclear as to how that is a sleazy statement. Maybe that was just a knee-jerk response on your part because of previous posts.

I represent individuals and corporations AFTER they have gotten themselves in trouble and are in litigation. In some cases because they were too lazy to research the issue or too cheap to get the proper advice beforehand. Let me ask you: How much research have you done about incorporating before posting your question to random people online? Did you do an internet search? Go to the library? Could you share your findings? A little self help goes a long way – In every aspect of your life. When you get serious about figuring things out for yourself rather than hoping for the easy answer from anonymous people things might turn around for you.

I’m sure at some level you’re a decent person. I’m sure you don’t teach your children to rely on internet blogs to answer life’s questions. You probably tell them to study hard, take responsibility, make informed decisions.

I don’t give out legal advice online. But there is a great series of legal books by NOLO Press that are designed for laymen. If you’re serious about this topic you may want to go to the library and check them out. Best of luck.

pabloesqobar

[Author]

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