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Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
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Oracle India Hi Fishes,
Does anyone can suggest me what to do? I recently joined oracle as a staff Consultant supposed to work as a Java developer but working on their utility framework. I don't have any interest in this. I want to work on Java with springboot development projects.Oracle India
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No benefit in LLC for your personal home. In fact, may be negative since you won’t be able to take a homestead deduction.
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Your personal home? No.
No benefit for a personal home. For that, I suggest a land trust, with the beneficial interests transferred to a DE LLC. That’s what I do for my personal homes that aren’t rented out. If the trust is set up correctly you can still claim the homestead exemption on the primary home. No one ever needs to know about the LLC and assignment of interest (which must be notarized) until you actually need it. Let’s hope never, but it is all about asset protection.
Because the conveyance to the trust doesn’t negate the homestead. The conveyance of the beneficial interest is, basically, secret. You only need that once (let’s hope never) you get sued to show that you personally have no interest in the trust. Once you make that official, which let’s hope you never will, the homestead exemption will likely not be able to be taken, but at least your creditors can’t lever your interest in the trust. I think of the assignment of interest to an LLC as an insurance policy I hope I never have to collect on. But you need to keep the LLC current with paying DE franchise taxes every year and agent fees (but that’s like a total of $350). Also the LLC, in my view, doesn’t need an EIN or file taxes as it’s merely a holder of beneficial interests and has no income/losses.
Not for primary residence. If it’s for rental home, then llc can help with asset protection.
LLC should be operated as a separate entity. If you can’t operate it like that, then I agree to not create one. However, that’s a terrible excuse IMO. Umbrella is simple… but it can only up your landlord coverage by $x million. It’s not a substitute for llc, which can shield your personal assets from lawsuits and for worst case scenarios that are not covered by insurance. Also, llc is not a substitute for umbrella. You’d still need a commercial umbrella to increase your liability coverages for the business.
Did you use your personal email to sign up for Zillow to list your rental? Did you ever use a personal credit card to pay for a repair or bank account to pay real estate taxes? Did you ever fund your rental account from your personal account to pay for a big repair without a loan document? Did you ever list the property as an asset on a personal form? Have you ever pulled all cash but the security deposit out of the LLC account? Ever accidentally imply you owed the property to a tenant (tenant asked “how long have you owed this place?” “Oh I bought it in 202022.”)? Do you have the minutes from your board meeting 5 years ago? Is your insurance, bank account, utility account, or in your name? Congrats any of that is wrong and I can now sue you personally instead of just the LLC and your “asset protection” is gone and anything you did over the “simple” way was a waste of time. Again, I’m not saying LLC is the wrong way and I actually said it’s the right way; however, it is not nearly as easy or practical for folks with only a few properties but yet so many real estate gurus are out there telling Joe Schmoe they are “protected cause they have an LLC” and leave it at that.
Okay I now see you have your second half of comment to say “llc is not the wrong way and it’s the right way”. Trust me it didn’t show up when it first loaded for me and stopped at “waste of time”. So disregard my part on persuation. Also, thanks for judging on how I operate my LLCs too. Point noted.