Limited Liability Corporation: Tax Issues
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Limited Liability Corporation: How To Value
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Cash
What else can there be to do besides graciously accept the gift and say thank you?
Real Estate: How To Value
From a tax perspective, the gift value of real property intended to be a charitable gift is based solely on the appraised value.
Real Estate: Tax Issues
Charitable giving of real estate offers donors two big advantages:
Real Estate
Do you know what to do if someone wants to make a gift of real estate to your organization? Check out the GPFG to learn more about this great opportunity for many donors and nonprofits.
Business: Partnerships
In the beginning: A partnership is formed when two or more people start an unincorporated, for-profit business and all individuals involved are part owners.
A partnership is very straightforward to create. Some general features:
- All partners manage equally
- All partners are equally liable
- There is very little liability protection
But those are just the general terms. There are multiple subsets of partnership type.
Businesses: Limited Liability Company (LLC)
Let's start by correcting the most common misperception: The C in LLC does not stand for "corporation." Rather, it stands for "company."
Business: Corporations
Unlike in a partnership, a corporation is separate from a business owner and is a legal entity all its own.
Business: Sole Proprietorship
When people with no experience running a business imagine what it's like to start and run a business, what they're picturing in their head is a sole proprietorship situation. It's the simplest way to get a business off the ground.