By Jeffery S. Watson This is the third in a series of emails discussing eight bad "D"s to consider when drafting an operating agreement for an LLC. 3. DIVORCE Given the prevalence of divorce, particularly among individuals who are in the entrepreneurial space, it is a reality that you need to consider when drafting an operating agreement for an LLC. Public policy has pretty...
By Jeffery S. Watson This is the second in a series of emails discussing eight bad "D"s to consider when drafting an operating agreement for an LLC. 2. DEATH The death of a member-owner of an LLC is probably the worst of the eight. With many states now allowing LLC operating agreements to have language in them saying that the membership certificate transfers on...
By Jeffery S. Watson While I'm out of the country on a much-needed, actual vacation (no work allowed!), I thought I'd share a series of emails I did a while ago regarding the "8 Bad Ds of LLCs". This information always bears repeating. When I draft LLC operating agreements for clients, or when I review ones that someone else has drafted, I...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Biden Proposes Cap on Rental Increases Nationwide Various news outlets are reporting that President Joe Biden is proposing a 5% cap on rental increases, in effect implementing de-facto rent control, nationwide. Biden’s plan will...
By Brad Beckett The Census Bureau's Population Estimates Program (PEP) produces estimates of the population for the United States, its states, counties, cities, and towns, as well as for the Commonwealth of Puerto Rico and its municipios. In addition, as illustrated by the interactive chart below, they also produce housing unit estimates for the nation, states, and individual counties.
By Jeffery S. Watson “Your network becomes your net worth” is something I’ve heard many times from my friends David Phelps and Jim Ingersoll. I’m not sure where it originated, but I recently had this advice demonstrated to me. A colleague of mine, Jason, who works at one of the companies in which I am a minority owner, was in the process of...
By Jeffery S. Watson I was recently asked if someone qualifies as an accredited investor by looking at their total situation. They realized that they had not had a conversation with their accountant about the value of their business that had little to no debt, had a low operating cost, but consistently generated a couple hundred thousand dollars a year in gross...
By Brad Beckett The Visual Capitalist says that come election time Americans won’t hesitate to show their approval or disapproval of the country’s elected leaders. However, they point out that feelings about the federal bureaucracy and its agencies are a little harder to gauge. Indeed....Stay safe and have a Happy Friday!!!
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website U.S. Construction Spending Down Slightly in May The U.S. government is reporting that total construction spending in May, 2024 was at a seasonally adjusted annual rate of $2,139.8 billion, which is 0.1% lower...
By Brad Beckett The Visual Capitalist says over 80% of the American population lives in an “urban area." Using Census data, today's infographic illustrates that fact with a map the U.S. states with cities over 250k people. Indeed...Stay safe and have a Happy Friday!!!