Starting Your Business
A new series on starting your own business. Join us as we tackle this mighty large topic . . . one bite at a time.
Key Points:
- Understand your business risks and look to mitigate or offload (insurance) as appropriate.
- One size does NOT fit all when it comes to entity selection; be wary of the advisor who forms one kind of entity.
- How you sign documents is legally significant (will cover later in the course).
Depreciation Recapture
Part 2 of depreciation. A quick primer on depreciation recapture – upon sale of the property those tax losses can become a special form of gain and are taxable.
Depreciation for Real Property
A useful quick primer on depreciation: the big picture and some useful tips. A CPA is highly recommended for the details.
What’s Negotiable on a Residential Purchase & Sale Agreement?
A quick bite to understand what is common, what to negotiate, and some big ticket items to watch out for.
Understanding Prorations
Explanations for the most common question from the parties at a closing: “can you explain these credits?”
Closing Disclosures – What’s the Difference?
A quick bite regarding the differences between the Closing Disclosure, the old HUD-1 and the Settlement Statement. Why you should always ask for a copy of the Settlement Statement in addition to the other forms.
Settlement Fees – Legitimate or not?
A bite to help you understand how much a real estate settlement agent is really charging
Too often closing companies post a low “settlement fee” only for parties to be surprised at the number of additional fees not previously disclosed.
Trust Deeds – Fact or Fiction?
What is a trust deed and does it have any use in Georgia and Alabama? Watch to separate fact from fiction.
Types of Deeds – Real Estate
A quick overview of the three basic types of deeds: Warranty Deed, Limited Warranty Deed, & Quitclaim Deed
Power of Attorney – Real Estate
Part of our Bite Size Legal series where I present a relevant portion of law in a manageable size.
Expect weekly updates!