by hoodlawkc | Business Planning
It may be surprising to many ordinary people, but an IRA can legally own real estate and a lot of other alternative investments, too, ranging from private equity and promissory notes to gold, oil and gas and cattle (It can’t own insurance, collectibles or stock...
by hoodlawkc | Business Planning
If you have financial authority or even just signature authority over a foreign bank or financial account, you may be required to make an annual report of it to the Department of the Treasury. Failure to do so can result in extremely onerous penalties you’ll want to...
by hoodlawkc | Business Planning
In our continuing effort to keep you up to date on the latest in business law, today we bring you another installment in our series on cutting-edge business entities. This time: the low-profit limited liability company, or L3C. You can find our previous blog post on...
by hoodlawkc | Business Planning
Business entity law is constantly evolving, with the next great innovation seemingly always on the horizon. The most recent innovation has been the “series LLC”. This new type of entity allows business owners to capture many of the benefits of traditional LLCs in a...
by hoodlawkc | Estate Planning, Business Planning
Nearly every estate plan will include two versions of the same indispensable document – the durable power of attorney, or DPA, for property decisions and for health care decisions. The durable power of attorney allows a person to delegate decision making authority to...
by hoodlawkc | Estate Planning, Business Planning, Living Trust, Tax Planning
The Estate Tax Portability Feature is Now Permanent – Should You File Form 706 Even If It Is Not Required? One of the biggest developments in the estate and gift tax field to come out of the recent tax act (American Taxpayer Relief Tax Act Of 2012) is the permanence...
