When you form an LLC (or Corporation), it is registered and created at the state level. You can choose to form an LLC in any state, regardless of your state of residency. Nexus When you have business activity that clearly occurs in a specific state, you are said to have "nexus" in that state. If … [Read more...] about Where to form your LLC for virtual or foreign business activities
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Lunch at the Fed
I recently attended a lunch discussion at the Fed building here in Denver hosted by the World Trade Center. The topic of discussion: The outlook for the U.S. Dollar. First, a Federal Reserve senior economist gave us an overview of what Fed is and how it works. Surprisingly, he was quite direct and … [Read more...] about Lunch at the Fed
My Meeting with the Social Security Administration
About 6 months ago, the Social Security Administration started calling my office asking to arrange a meeting with my IRAAA colleagues and I. For months I had shrugged it off because of the fact that many of my readers, customers, and colleagues plan their finances as if SSA will fail. Taking control … [Read more...] about My Meeting with the Social Security Administration
The Roth Assumption
We all have that friend who is financially irresponsible. You know, they have a new cell phone every time one comes out. They lease a brand new car every 2 years. Their credit cards are maxed out. And they don't really have a game plan on how to pay for the stuff they have. The best I can tell is … [Read more...] about The Roth Assumption
Checkbook Control 2.0 (for the self employed)
With tens of thousands of self directed IRA investors utilizing LLC structures to enjoy "checkbook control" authority of their self directed IRA investments, this post may serve as great news for those who aim to follow suit. Solo 401(k) retirement plans can grant direct checkbook control without … [Read more...] about Checkbook Control 2.0 (for the self employed)
Solo 401(k) Nonrecourse Loans Now Available
For many real estate investors, leverage is a key factor to their plans for profits - leverage in the form of mortgage financing. When you introduce mortgage financing into Self Directed IRA ownership of real estate, a special tax called Unrelated Business Income Tax (UBIT) is triggered. The tax … [Read more...] about Solo 401(k) Nonrecourse Loans Now Available