Nelson, CPA is the author of both Quicken
Nelson, CPA is the author of both Quicken for Dummies and QuickBooks for Dummies and an adjunct tax professor for Golden Gate University’s graduate tax school. For example, while the bank account for a sole proprietorship or informal partnership may be free if you keep a large-enough balance, the bank account for a limited liability company probably won’t be free. But you may still be personally responsible. In comparison, without an LLC, the realestate investor’s “worst case scenario” if there’s a “slip and fall” accident is that the owner or investor can lose almost [...]
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