By On Dec 02, 2019 Templates
There is simply no way to eliminate all the risks associated with starting a real estate investment business, but you can easily improve your chances of success by complying with the corporate formalities required by applicable laws, even though these steps may seem tedious and somewhat confusing. If you are in the market for investment real estate, you should at least consider whether or not the acquisition through an LLC is the right choice for you. If so, it is much easier to purchase the property through the LLC to begin with, as opposed to trying to transfer the real estate to an entity at a later date where a lender might have to consent to the transaction. An LLC may not offer any more or less protection from outside lawsuits than a properly formed and operated corporation or limited liability partnership, but it does offer many other advantages that make it the most desirable form of entity in many cases, particularly with respect to real estate holding companies.
Many business owners choose to form an LLC because they are unfamiliar with the many legal nuances between different entity choices, and they simply assume that an LLC offers the most protection from risk because it has limited liability in its name. In reality, a properly formed and operated LLC does indeed limit the personal liability of the owners, as much as U.S. law allows, by affording the owners no personal risk above and beyond their investment in the company-but, in many instances, so do corporations and certain partnerships. Of course if a small business owner of any entity form fails to respect the separate and distinct identity of the business or observe statutorily required corporate formalities (such as co-mingling personal and business funds, paying owners instead of creditors, or failing to maintain a registered agent), the integrity of the corporate shield provided by law will be compromised and potentially expose the owners to personal liability. Generally speaking, though, the basic requirements to operate an LLC within the confines of the corporate statutes are not particularly onerous.
Whenever you are applying for a design job, a high-quality design portfolio is essential. Since it is one of the first things a potential client or employer will see, a portfolio gives an important impression about your skills and background. When done well, a great design portfolio can build trust, excite the viewer, and help you get the job. In case you want to learn how to build an impressive design portfolio, here is a great article on creativebloq. To create your own original portfolio, you can use many platforms and tools, which we have listed below: Krop is a job board and portfolio-hosting website for the creative industry. It alllows users to search jobs for designers, artists, and more. Behance is an online platform that enables creative professionals to showcase and discover creative work via online portfolios, with Wix, everyone can create their own website for free, with the help of DeviantArt, you can fully configure your very own design portfolio. Then you can start submitting your creative work for review by potential employers, art schools, or clients. Carbonmade helps you build and manage an online portfolio website. It can be used to show off design, illustration, art, or any other type of creative work.
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