Tom Bell
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Why You Need an LLC and Operating Agreement in Real Estate
Single-Member LLCs and Operating Agreements A single-member limited liability company (\"SMLLC\") is a one-owner business. The SMLLC is like a sole proprietorship, but having an LLC has advantages over operating a business individually, without filing for a state corporate status. Most importantly, having a business corporation helps to protect your…
Loan Workouts: A Solution for Missed Small Business Loan Payments
Your business is having financial issues, cash flow is tight, and you have defaulted on your business loan. What happens next and how do you work out of this situation? Having a brief understanding of commercial loan workouts is important for business borrowers to be able to negotiate with their…
Why Do You Need a Business Document Retention Policy?
Technology was supposed to be the answer to the mountains of paper that go along with managing a business. But the digital files can form mountains just as high, or worse--get lost in the bottomless crevasses of your hard drive. Whether it is paper piles or microchip messes, the problem…
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