Blog Posts in August, 2016

THE LLC OPERATING AGREEMENT - Part One

What are the key provisions and necessary clauses of a solid LLC Operating Agreement? The rights of business partners or “members” as they are called in a limited liability company are not ...
Continue reading "THE LLC OPERATING AGREEMENT - Part One" »

ABLE ACCOUNT: Is it the right tool for me? - Part Four

Uses of the ABLE Account A person receiving needs-based government benefits often has a dilemma when it comes to saving, whether for education or for unexpected events, all while maintaining public ...
Continue reading "ABLE ACCOUNT: Is it the right tool for me? - Part Four" »

ABLE ACCOUNT: Is it the right tool for me? - Part Three

Tax Benefits ABLE accounts have tax benefits similar to 529 accounts. Qualified distributions from the account are not counted as taxable to either the contributor or the beneficiary. Qualified ...
Continue reading "ABLE ACCOUNT: Is it the right tool for me? - Part Three" »

ABLE ACCOUNT: Is it the right tool for me? - Part Two

Financial Limitations on ABLE Accounts There are currently limitations as to the amount of savings that can be held in an ABLE account. The first such limitation deals with the annual contribution ...
Continue reading "ABLE ACCOUNT: Is it the right tool for me? - Part Two" »