subject: Tax Relief – Correct Entity Structuring [print this page] The proper structuring of companies is the use of limited partnerships and limited liability companies. This can help to fulfill three important things:
Here's an example from my own experience. My friend Paul was a family business that wasa high-end department store. As a financially intelligent man, he expanded his business by diversifying into other. As his business grew, I advised him to make sure that he had adequately protected and structured, and had bullet-proofed in its possession. Unfortunately, at this time, he was too busy trying to concentrate funds for protecting themselves. He had done no planning for tax cuts and paying more taxes than necessary. One day, I was afraid that they happen. TheDeputy Sheriff had to shut down his business in a matter of hours. He had to register for both personal and corporate insolvency, as he lost everything in a few months. The fact is that such a situation can easily be prevented with the help of two companies useful tools for structuring:
Limited Partnerships as separate legal entities. This is to decouple your personal property from business investments.
Limited liability company much like limited partnerships, it is like aWall between you and the creditors and predators.
Plan your actions to prevent such disasters to happen. By planning for tax relief, you can see, multiply your assets.
