I am often asked some version of the question: "Where should I set up the LLC which will own my rental property? Can I use a "better" state like WY, NV, AZ or Delaware, or should…
The question for most of our clients is: "Does my Arizona LP need to file an Arizona tax return if I am not a resident of the State and the partnership does not do any business…
The answer is YES, there are still restrictions on ownership for an LLC that is taxed as an S-Corporation. There is some confusion and it is important to understand that even if you have an LLC,…
Client often ask if transferring their home into the Bridge Trust will trigger the Due-On-Transfer clause of their mortgage. The short answer is no. The Bridge Trust is an inter vivos trust in which the…
Land Trusts fall into a class of Trust called "Special Purpose Trusts". An SPT is any trust which has a specific and limited purpose. This would include a Land Trust, which are designed only to hold…
