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Tag: Legally Mine LLC

The latest updates from Legally Mine

The Biggest Scam – presented by Legally Mine

September 11, 2013 · by venture: A Legally Mine Blog

The Biggest Scam! Рby Legally Mine Here is some interesting food for thought, brought to you by Legally Mine!  Legally Mine  Related articles Another Legally Mine Lawyer Joke (wealthlegallyprotected.wordpress.com) Separate the business from the assets (minebylaw.wordpress.com) The Legally Mine Mission Statement (wealthlegallyprotected.wordpress.com)

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Is it more difficult to get loans if all my assets are in a Limited Partnership? – Legally Mine

September 6, 2013 · by venture: A Legally Mine Blog

No, not really, because banks are now getting accustomed to loaning money to Limited Partnerships. In fact, many hotel chains have the hotel building itself and the land inside a Limited Partnership. Some of the largest companies in America are now using Limited Partnerships. They have no trouble in securing loans from knowledgeable banks. Nonetheless, […]

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Separating the Property Management from the Ownership

August 30, 2013 · by venture: A Legally Mine Blog

“The basic rule in asset protection for owning rental properties is to separate the ownership of the properties from the business of managing the properties. The property management company (which faces the majority of the liability) should be kept as lean as possible while the actual ownership of the properties is kept in separate legal […]

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Selecting the best entity for your business – Legally Mine

August 29, 2013 · by venture: A Legally Mine Blog

To operate your business, there are five major business entities used in this country: Proprietorships, General Partnerships, Limited Partnerships, Corporations, and Limited Liability Companies. Two separate and distinct questions need to be asked when considering the right entity for your business: First, which entity offers the best asset protection? A Corporation is generally the optimal […]

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Separate the business from the assets

August 29, 2013 · by venture: A Legally Mine Blog

The basic rule in asset protection for business owners is ro separate the ownership of the major assets from the operation of the business. This keeps the operating company (which faces the majority of the liability) as lean as possible-while the assets needed ro produce a profit are not generally subject ro seizure in the […]

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The most recent statistics cite that nearly $4 billion ($168 million more than the previous year) was spent in medical malpractice payouts, nearly a 5% increase from the year previous.

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