Understanding how to avoid probate in Alaska can save your beneficiaries significant time and money. By employing strategies such as living trusts, joint ownership and transfer-on-death designations, you can ensure your assets are distributed efficiently and without court intervention. Estate PlanningTip...
A transfer tax is a charge levied on thetransfer of ownership or titleto property from one individual or entity to another. A transfer tax may be imposed by a state, county, or municipality. It is usually not deductible from federal or state income taxes, although it may be added to the...
Transferable ownership.Ownership in an LLC is often harder to transfer than with a corporation. With corporations, shares of stock can be sold by the corporation to increase ownership and, unless there is a shareholder agreement to the contrary, the shareholders can sell their shares to someone e...
This is allowed because California is a community property state. Besides federal income taxes, there are also state and local income taxes – and sales tax. To learn more about taxes in California, please see our Tax Lesson. California LLC Frequently Asked Questions Can I start an LLC online...
Finding property in an area or neighborhood you like is only a small part of the equation when it comes to buying land. If you’re going to have a house built on that property, you also need to understand all the things that go into making that land ready for anew build. ...
The American flag we’d bought in the summer of 2021 had faded and then developed a tear at one corner, so it was time to buy a replacement. That’s been a task that’s come due every three to four years over our two decades and counting of home ownership–the Stars and Stripes ar...
Transferable ownership.Ownership in an LLC is often harder to transfer than with a corporation. With corporations, shares of stock can be sold by the corporation to increase ownership and, unless there is a shareholder agreement to the contrary, the shareholders can sell their share...
Consider branding yourself as an expert in real estate, personal injury, family law, intellectual property, or even admiralty law. There are many areas to choose from to allow your practice to stand out. Start a landscaping business. Are you more of a mow-and-go company, or are you ...
Joint-owned property is any property that's held in the name of two or more parties. They can be business partners or any other combination of people who have a reason to own property together. The matrimonial status of joint ownership of assets occurs when the two parties are spouses. ...
LLCs can also elect to be taxed as S corporations (S corps) or C corporations (C corps). The S corporation tax status allows members to be taxed as employees of the business. This can reduce tax burden in certain circumstances. Visit ourLLC vs. S Corpguide for more information. ...