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LLC’s In Series

I recently received a text from a client, who was inquiring as to whether or not if they owned a series of retail stores would it then be prudent, possible or legal to have two Series LLC’s: one LLC to own the properties the other LLC to own the retail businesses. As...

Silliness

I casually mentioned at one time that I was planning on starting the QuickBooks Webinar Workshops.  The webinars would be designed to go over issues that clients are having with QuickBooks and answer their questions in a live format. Now the person that I mentioned...

Confidentiality.

I was recently in a situation where some information that I had from one client may have been problematic to another. One of my clients was looking to branch off into a brand new business venture.  This venture would take them into a whole new arena.  The purpose of...

Learning from unusual places

When I purchased the office next to mine for future growth and expansion, I briefly considered buying Suite 113 which is directly behind the site I had just purchased. Since it was bank owed and had been on the market for over two years, I believed that I could get it...

The LLC plan

A while ago I wrote a posting discussing the potential loss of the Cook County Home Owners exemption.  If that discount does go away as is being discussed that the homes should be sold at market costs to an LLC and then rented out, most likely to the previous owners....

The Plan

A couple of weeks ago I was having lunch with a fellow CPA.  I had been meaning to stop by and see his operation for years.  I am always willing to borrow a good idea from a peer. But I also wanted to talk to him about one of my growth plans for 2014.  I have added...

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