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Snowbirds: What You Need to Know about Renting Out Your Property

Snowbirds: What You Need to Know about Renting Out Your Property

Retreating to a warmer climate for the winter sounds like an ideal way to spend a few months.

To help make this dream a reality, some individuals choose to rent out their second homes when they are not in use. But before you list your second home for rent, there are a few things you should...
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Business, Estate Planning & Administration, Real Estate
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Schedule K-1s are Due March 15th – Are You Ready?

Schedule K-1s are Due March 15th – Are You Ready?

Whether you’re a small LLC, an Electing Large Partnership LLC or an S-Corporation, March 15th marks the date you must file your 2019 tax returns (Form 1065, 1065-B, 1120S, or 2553, depending upon your business entity).

In addition to filing your taxes by this date, March 15th also marks the deadline for sending out Schedule K-1s...
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Business
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Can Your Business Survive the Loss of a Key Person?

Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

But for some businesses, operations would come to a grinding halt without certain essential contributors—key persons as we call them. If your business includes any key persons then key-person insurance should be a part of your business insurance...
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Business, Business Planning, Business Succession
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LLC Management: Who Should Run the Shop?

LLC Management: Who Should Run the Shop?

Determining who will manage the day-to-day affairs of your business is an important decision.

Knowing this from the beginning is important for the success of your business, but also because your Limited Liability Company (LLC) operating agreement demands it. Luckily, LLC operating agreements are very flexible and the management structure can be tailored for your business’s...
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Davis Law Group
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