Insights & Analysis


Troy Ortiz Troy Ortiz

What Is a Charging Order?

A charging order is a powerful legal tool that protects LLC owners from creditors by limiting the creditor's access to the debtor's membership interest. In this article, we explain how charging orders work, their benefits for asset protection, and what LLC owners need to know when facing creditor claims.

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Troy Ortiz Troy Ortiz

How to Prepare Your Business for an Economic Slowdown

Economic slowdowns can create challenges for businesses of all sizes. However, with the right preparation, your business can remain resilient and even thrive. This article explores essential steps such as managing cash flow, reducing non-critical expenses, and maintaining customer relationships to ensure your business is ready for economic downturns.

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Troy Ortiz Troy Ortiz

Tax Deductions for Home-Based Businesses

Home-based business owners can benefit from a range of tax deductions. Learn the basics of what you can claim, from home office expenses to internet costs, in this short, informative guide.

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Troy Ortiz Troy Ortiz

Should You Convert Your Sole Proprietorship to an LLC?

Converting your sole proprietorship to an LLC offers significant benefits, such as personal liability protection, potential tax savings, and enhanced professional credibility. However, it's important to weigh the costs, administrative responsibilities, and your business goals before making the decision. In this article, we break down the key considerations to help you determine if an LLC is the right move for your business.

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Troy Ortiz Troy Ortiz

What Is an LLC Distribution?

An LLC distribution refers to the process of dividing and paying out profits to the members of a limited liability company. Unlike salaries or guaranteed payments, distributions are based on each member's ownership percentage or as outlined in the operating agreement. Understanding how LLC distributions work, including their tax implications and legal requirements, is crucial for managing your business finances effectively.

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