REIA NYC is pleased to announce that in an effort to always help you become a more successful entrepreneur, we have scheduled the VP of East Coast Sales of VCorp Services to speak on January 12, 2011.
Incorporating helps separate your personal identity from that of your business. Sole proprietors and partners are subject to unlimited personal liability for business debt or law suits against...
[read more] REIA NYC is pleased to announce that in an effort to always help you become a more successful entrepreneur, we have scheduled the VP of East Coast Sales of VCorp Services to speak on January 12, 2011.
Incorporating helps separate your personal identity from that of your business. Sole proprietors and partners are subject to unlimited personal liability for business debt or law suits against their company. Creditors of the sole proprietorship or partnership can bring suit against the owners of the business and can move to seize the owners' homes, cars, savings or other personal assets. Once incorporated, the shareholders of a corporation have only the money they put into the company to lose, and usually no more.
While the LLC is not a corporation, it offers many of the same advantages. Many small business owners and entrepreneurs prefer LLCs because they combine the limited liability protection of a corporation with the "pass through" taxation of a sole proprietorship or partnership. LLCs have additional advantages over corporations.
JOIN US for this hands-on discussion on protecting yourself and your business utilizing entity structures. This meeting sorts out some specific considerations that should be examined when making an entity choice, including the best way to set up your financing, and how best to secure the protections afforded to you by law.
SPEAKER:
Shoshana Halpern, serves as Vice President of East Coast Sales at VCorp Services, Shoshana Halpern has been involved in reaching out to clients on the east coast. VCorp Services assists in the creation of new businesses and helps maintain existing businesses in all 50 states. Quick, accurate and at the lowest rates, VCorp’s knowledgeable and experienced staff has helped form thousands of new businesses including: LLCs, S-Corporations, C-Corporations, Partnerships, Non-Profits and Professional Corporations. VCorp works with entrepreneurs, legal and tax professionals, as well as real estate experts to set up and maintain businesses across the country. VCorp also specializes in helping small businesses to get started, grow and remain in compliance with federal and state regulations.
TOPIC OVERVIEW
Choosing an Organizational Form for Your Business: We examine the characteristics of the various business forms.
Comparing the LLC and Corporation:
We compare and contrast the business forms, including discussions of protection from liability, costs of formation and operation, etc.
Using Holding and Operating Companies: Details an important strategy that should be considered by every small business owner--using a two-entity structure. In this type of arrangement, an operating entity will carry out the actual business functions and a holding entity will own the major capital assets of the company, often including the operating entity itself.
Choosing a State: We discuss considerations when deciding on the state in which your business entity will be formed (i.e. Delaware, Nevada, etc.)
Planning for Federal Estate Taxes: We estate planning issues in business formation.
Establishing the Business Entity: After you have chosen a particular business form, the particular state in which you will create the entity, and the structure for the business, you must actually form the entity or entities that will make up this structure by completing certain documents, filing them with the proper authorities and paying the appropriate fees. We describe the actual process of forming an entity, registering to do business in other states and using a fictitious name. We also emphasize the use of proper documentation when forming a business entity.
Who should attend?
* New Investors
* Seasoned Investors
* Business Owners & Entrepreneurs
* Anyone that wants to increase their financial portfolio in 2011
* Real Estate Attorneys
* Realtors
* Property Managers
ALL ARE WELCOME!!!
