Category Archives: LLCs and Other Entities
How to Avoid U.S. Gift and Estate Taxes When Becoming a U.S. Resident Alien or U.S. Citizen
If you intend on becoming a U.S. Resident Alien or U.S. Citizen in the future, it is important to consider the need to avoid U.S. gift and estate taxes now. Once you become a U.S. Resident Alien or U.S. Citizen for gift and estate tax purposes, many of your estate planning opportunities will be… Read More »
Setting Up an Out of State Corporation by a California Resident
California residents often ask me, “should I set up an out of state corporation to save or avoid taxes?” California residents often mention Nevada because it has no corporate income tax and no personal income tax. Many “business advisors” promote these Nevada LLCs or corporations for this very reason (with the caveat that they… Read More »
