If you are serious about investing in real estate or starting a new venture, you need to know about the many advantages of incorporating your business. For many investors and small business owners, the benefits of forming a limited liability corporation (LLC) are significant. By forming an LLC you can:
- Protect your personal assets through liability protection
- Deduct many business expenses such as tuition for educational programs
- Enjoy certain tax advantages
- Establish credibility with clients, partners and investors
- Reduce the risk of personal identity theft
Why do you need an LLC?
As an investor or entrepreneur, it is important to think about incorporation before you begin your new venture, especially in today's legal environment in which frivolous lawsuits have spun out of control. If you operate a business as a sole proprietorship, you are personally responsible for any business debts or lawsuits against your business. As a sole proprietor, almost everything you own can be at risk including your home and your personal bank account.
An LLC protects you from being responsible for the debts of your company. LLCs provide complete asset protection benefits for all owners of the company, who are called "members." This means that only the LLC, not its members, are responsible for debts or obligations incurred by the LLC.
But the benefits of incorporation are far more than asset protection. LLCs provide preferential tax treatment because the IRS allows for multi-member LLCs to be taxed as partnerships, which is advantageous. And LLCs allow for the deduction of many standard business expenses such as business related travel.
LLCs offer many benefits over other forms of incorporation such as C-corporations or S-corporations which typically require more annual paperwork and other requirements such as annual meetings.
Trump University's LLC Formation Service...Your Expert Solution for Incorporating your Business.
The security that comes from forming an LLC cannot be underestimated, but the process can be confusing and time consuming. For many entrepreneurs and investors, the incorporation process is best handled by a knowledgeable and experienced team of legal professionals. Trump University's LLC Formation service handles your incorporation so that you can focus on building your business and immediately enjoying the protection and many benefits of an LLC.
The LLC Formation service is conducted by our team of legal professionals and includes the following:
- Perform your name availability search
- Draft your company’s Articles of Organization
- File all necessary articles with your Secretary of State's Office
- Pay the required fee to your Secretary of State’s Office (this fee is not included in the LLC Formation package as it varies by state)
- Receive file-marked copies from the Secretary of State.
- Obtain the Employer Identification Number (your tax ID) for the LLC
- If necessary, arrange for Registered Agent services for the LLC
- Draft the Operating Agreement for the LLC
- Draft all other LLC documents including Certificate of Authorization to open a bank account on behalf of the LLC, minutes of initial meeting of members, minutes of annual meeting of members, minutes of annual meeting of managers, etc.
- Answer your questions via email
- Ship your Articles of Organization, EIN Number, Operating Agreement, and all other documents in an LLC Binder.
How do I get Started?
You start by purchasing the LLC formation package, then filling out the online application and we do the rest. The fees for LLC Formation are $995 (plus required government fees) and include all the services listed above. Take advantage of this proven way to protect your assets and save on your taxes - form your own Limited Liability Corporation today.
*You are reminded to always seek the advice of your own lawyer,
accountant or financial advisor.
"To begin with, let us introduce our new real estate company, National Real Estate Solutions. We are based in Saratoga, California and we deal primarily in distressed properties, predominantly in-state. Additionally, our company is the direct result of Trump U (in fact, we all met at an event in February, 2009) and we cannot say enough about the training we received from Trump’s dedicated staff. After attending the free course, “Profit from Real Estate Investing,” we quickly signed up for the three-day field coaching. Our Trump U coach, Johnny Horton, provided us with the tools and skills to become successful investors in distressed properties. Seven months later, our company generated its first sale grossing a profit of over $97,600! We currently have 3 new properties set to go on the market in less than 60 days which will each net a profit of over $80,000! Cumulatively, within approximately 4 months, NRES has acquired over $1.5 million in distressed properties for a total acquisition cost (including ARV improvement costs) of $1.04 million. We attribute our wonderfully successful business to the training we got from Trump U and we look forward to our continued relationship. Thank you Trump U!"