business planning

I was talking to some friends of mine this week. We share stories about our respective businesses. Sometimes we laugh until we’re ready to cry. Other times, we laugh because it’s better than crying

This week they told me about a problem. It’s such a great problem I want to share it with you. My friends have so much potential business coming at them, they don’t know how to grab hold of it all!

In my last post I talked about when it can be appropriate to have a single business structure wearing multiple hats. Today I want to talk about how the same applies to LLCs.

A typical new client call often begins with something like: “I’ve got seven homes, two owned outright, and more than 50% equity in each of the others. Can I put them all in one LLC?”

Here’s one of my most frequently asked questions: “How much stuff should I put into one business structure.

With income-producing activities, the answer is often “one.”