Business Planning Using LLC’s
While the LLC has been around for over three decades now and is still considered “new” in the eyes of the business world, the business structure has gone through changes over the years to accommodate law and business reform. Before you start up your business though, you need to have a business structure in place to for lax purposes, the LLC is just one of them.
“Using Limited Liability Companies (LLCs) to help you protect your assets and save your tax dollars is nothing new. Accountants, attorneys, financial planners, tax strategists and more have been telling you about one method or another for years now.
But even within this field things have changed. Ideas that were once regarded as tried and true have been surpassed by new concepts. Legal challenges have made some LLC structures less appealing and less safe. Changes to state taxation have made some multiple-structure plans expensive. New LLC structures have been introduced and are quickly gaining acceptance.
That doesn’t mean that all old planning should be discarded. But we do invite you to take a look at the new alternatives and see if something works for you, accomplishing the same (or better) results, for less expense and without sacrificing any asset protection. It may be time for you to take your tax and asset planning to the next level.
The 3 Goals to Plan Around
No matter what the business operations will be, when looking at planning a business structure, there are three things to always keep in mind:
- What structure or structures can you use to give you maximum flexibility to cope with changing laws and economic conditions
- What structure or structures can you use to give you the best asset protection; and
- What structure or structures can you use to maximize your tax savings.
At LegalShelfCompany.com, we know LLCs. The reason we offer shelf company LLCs, rather than corporations to our clients is simple: we think it’s a superior business structure.
If you’re interested in learning more about a shelf company LLC, or possibly a shelf company Series LLC, drop us a line! We’d be happy to discuss your options.