Dangers of using someone else’s name when purchasing real estate
This is the final part to our discussion aimed at helping owners and officers avoid personal responsibility for the obligations and liabilities their companies take on in the course of doing business. The first part provided an overview of the key issues related to corporate liability. The second part focused on what not to do. Here, we get to proactive techniques for guarding against personal responsibility.
This is a continuation of our discussion regarding the breakdown of liability protection afforded to owners and officers as a result of the economic crisis and business scandals in the US and around the world. It is true the American legal system is set up to shield owners/officers from corporate liabilities, but nothing draws public outcry like an executive who fills his pockets through misdeeds and then hides behind the corporate skirt.
The law has shifted in recent years towards weakening corporate liability protections. That makes it easier for plaintiffs and regulators to “pierce the corporate veil” and get to the assets of owners and officers.
Some attorneys offer general counsel services. In this scenario, the attorney continues to have his outside practice, and you will not be his/her only client but you will get preferential service.
Are you a foreigner already working in the US? Are you now interested in remaining in the US on a permanent basis? Or, are you a US employer looking to keep a foreign worker permanently? Here is how you do it. Program Electronic Review Management (PERM) is the system set up by the USCIS for obtaining what is called “labor certification.” Labor certification is READ FULL POST
The purpose of this article is to provide an overview of the process, which is referred to as “tax controversy,” so you will have an idea of what to expect and can make wise, cost-effective decisions about how to proceed.
Transferring assets to a trust is a simple and cost-effective way to protect assets and plan your estate.
Most people are unaware of the valuable tool a trust can be for estate planning and asset protection.
If you have managed to land on the IRS’ (or Department of Revenue’s) radar, and the agent is conducting an examination of your return, you are undoubtedly considering your options. This article is intended to give you an idea of what to expect and some of the key considerations along the way.