On January 1, 2021, Congress enacted a new law called the Corporate Transparency Act (CTA or the Act). The main purpose of the CTA is to prevent United States’ business entities from committing monetary crimes such as money laundering, which is the transfer of...
Knowledgeable and efficient closing services.
Business Practice
Why sole proprietor may not be your best choice for business ownership
People looking to go into business for themselves often go with the easiest option for launching their operation instead of the one that best protects their interests. More specifically, business owners launch as a sole proprietorship instead of as a limited liability...
It Only Happens Once a Decade
For most entities, Pennsylvania has a simple, $125.00 filing fee to form an entity, and no annual fee thereafter for its operation. Many other states charge annual fees from $50.00 to over $100.00 to continue the registration of entities in the state. The fact that...
Are you ready to invest in someone else’s business?
You have a little bit of money set aside that you’d like to invest in another person’s business venture. Are you ready for that step? According to some experts, if you have to ask whether to invest your money (or where to invest it), you probably aren’t ready to take...
Can an LLC protect your personal assets?
The real estate market is a fickle one. You never know what’s around the corner, so it’s imperative you take steps to protect your interests with each decision you make. One thing that you might need to do is to put up a barrier between your real estate investments...
Investors – HR-5201 is Our Chance to Bring Back the Seller Financing Business
Recently, I attended the National REIA Mid-Year Leadership Conference in Atlanta. While there, I had the opportunity to network with Charles Tassell, National REIA’s Chief Operating Officer and Director of Government Affairs, and with Jeff Watson, who leads the...
Is Partner a Four Letter Word for Real Estate Investors?
Just this week, as I have many times before, I had an initial consultation with an experienced real estate investor who had found a partner to help him to expand his real estate investing business a year or two ago, and is now in a costly and time consuming...
Recent Developments Regarding Allegheny County Property Tax Appeals
By the time you are reading this, the new window for 2013 property tax appeals will have closed on April first. However, the resolution by Allegheny County Council opening 2013 appeals again in March was not the only significant development in the ongoing...
The Fiscal Cliff, 2013 Taxes, and You
Now that the election is over, and TV and radio are not filled with nonstop political ads, and the end of the year fiscal cliff draws near, how is the divided congress going to work with a second term president to reduce the deficit? How will their action or...
Finding and Trusting Real Estate Mentors and Professionals
This week, two clients came in with problems which caused me to choose the topic for this article. The first was early in the week, when I had a consultation with a client who had loaned money to a Pittsburgh based wealth building coach. The client hadn’t...