Co-Authored By: Beth Fishman, Esq. and Nathan Morgan 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...
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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...
What will happen to your real estate business if you die?
Maybe you inherited your first property from a family member when you already owned a home. Perhaps you decided to buy a house when the markets were low and then quickly realized how lucrative rental properties could be. Regardless of how you started your real estate...
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
By Bradley S. Dornish 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...
Is Partner a Four Letter Word for Real Estate Investors?
By Bradley S. Dornish, Esquire 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...
Recent Developments Regarding Allegheny County Property Tax Appeals
By Bradley S. Dornish, Esquire 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...
The Fiscal Cliff, 2013 Taxes, and You
By Bradley S. Dornish, Esquire 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...