Tag Archives: LLC

Asset Protection – S-Corporations, LLC and Tax Planning

April 03, 2013  |   Posted by :   |   Asset Protection   |   0 Comments

Both LLCs and S-Corporations are tax-reporting net income tax-paying entities. LLCs/S-Corporations pay a $800 minimum California tax, S-Corporations pay a 1.5% California corporate level tax, LLCs pay an annual “gross receipts tax”, based on gross income: Income / Tax $0-$250,000 / $0 $250,000-$499,000 / $900 $500,000-$999,000 / $2,500 $1m – $4.99m / $6,000 $5m+ / […]

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Asset Protection Creditor Remedy – Charging Orders

April 02, 2013  |   Posted by :   |   Asset Protection   |   0 Comments

California Limited Liability Companies In California, a creditor of a member of a limited liability company (“LLC”) is unable to seize ownership of the member’s interest in the LLC. Instead, the third party creditor receives an order from the court (“charging order”) which instructs the LLC to give the creditor any distributions that would otherwise […]

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Asset Protection – LLCs and Real Estate

April 01, 2013  |   Posted by :   |   Asset Protection   |   0 Comments

“FIRPTA Withholding” (Tax Withholding U.S. Real Estate) The sale (or other disposition) of U.S. real property interest by a foreign person (transferor) is subject to a tax withholding of 10% of the amount realized in the disposition (35% of gain recognized by foreign corporation on distribution to its shareholders), under FIRPTA (Foreign Investment in Real […]

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Key Asset Protection Statutes

April 16, 2012  |   Posted by :   |   Asset Protection   |   0 Comments

For U.S. investments, income tax planning and asset protection may be efficiently accomplished by holding U.S. investments in a One-Member California Limited Liability Company which is owned by a California Trust and managed by a California Corporation. Please see enclosed Key Asset Protection Statutes in California: 1. California Probate Code §18200 If Settlor retains absolute […]

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