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Estate Planning Basics

Loan Versus Equity in a Company

Most businesses are funded by money or “sweat equity” contributed by the owners in exchange for stock (in a corporation) or membership interests (in an LLC). That’s ok, particularly for the initial funding of the company, but you need to understand that if the company goes down,

Unused But Aged LLCs

Say you have dormant corporations or LLCs that you haven’t done anything with in years. Should you keep them or trash them? You may have heard that it is valuable to have an “aged” corporation or LLC.  One of the questions often asked at the bank when

Protecting Your Home

A person’s home is their castle, but how easy is it for someone to storm the castle? Legal protection of a personal residence is actually a big challenge. Most people don’t worry about it too much, but those who are active in real estate investing, own their

Pass Through Entity

There is a lot of confusion about pass-through entities. I have people all the time tell me that one of the advantages of an LLC is that it is a pass-through entity. The confusion comes because people don’t separate the legal aspects of an entity with the

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Testimonials

We wish everyone in America had the means to obtain the knowledge that Attorney Lee Phillips is attempting to impart in the Accumulation and Preservation of Wealth course. We are thankful that there is a legal system that is designed to protect people’s assets, no matter how little or how much.
~ Ed, Dallas Texas