Garnette

LLC Financing and Personal Liability Protection LLCs offer owners liability protection and flexible tax treatment. To get an LLC loan, businesses must show strong finances. Specialty lenders provide LLCs capital access. Operating agreements can stop LLC members from lending money to their LLC. Hard money lenders fund real estate LLCs as they show business investments. … Read more

Yes, $1 million business loans can be obtained from banks, credit unions, SBA-backed institutions, lending marketplaces, and some online lenders. Securing loans of this size can be more challenging than getting a smaller quick business loan. Criteria for Million Dollar Loans Generally only offered by banks, credit unions, and SBA lenders May require collateral or … Read more

The Positives and Negatives of Crowdfunding Crowdfunding has negatives and positives. It takes much time and money to make prototypes and videos. Changes can’t be made after launching a campaign. Diverse funding sources allow tapping into backers. Can validate demand to attract investors. Raises brand awareness. Attracts early adopters and enthusiasts. Raising funds quickly is … Read more

LLCs default to sole proprietors or partnerships for taxes. Sole proprietor LLCs pass income and expenses to owners. Partnership LLCs pass deductions to partners and IRS via Form 1065 yearly. Some LLCs file as corporations. C-corps use Form 1120. S-corps use Form 1120S. Both pass income to shareholders. Shareholders of S and C corps report … Read more