Asset Protection Articles

The Corporate Transparency Act (CTA), effective January 1, 2024, requires certain entities to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). A key purpose of the CTA is to identify individual…

On September 24, 2024, California Governor Gavin Newsom signed into law AB 2837, dramatically reducing the creditor exemption for qualified retirement accounts in California. The new law will take effect on January 1, 2025. In the wake of these changes, the California Private Retirement Trust (“PRT”), a “non-qualified” 401k-like retirement plan, is unaffected by the…

Filing the Corporate Transparency Act (CTA) or Beneficial Ownership Information Report (BOIR) is a regulatory requirement designed to increase transparency in corporate structures and prevent illegal activities, such as money laundering and tax evasion. However, it's…

In a limited partnership (LP) or other pass-through entities like LLCs, the K-1 forms are generally designed to report income and losses at the partner level based on the nature of the income—whether it's active or…

Private lending, often referred to as "hard money lending," involves individuals or entities providing loans secured by real estate or other collateral, typically at higher interest rates. This type of lending can offer opportunities for lenders…