Prison terms for two or more offenses to be served one after the other. Example: Two five-year sentences and one three-year sentence, if served consecutively, result in a maximum of 13 years behind bars.
Prison terms for two or more offenses to be served at the same time, rather than one after the other. Example: Two five-year sentences and one three-year sentence, if served concurrently, result in a maximum of five years behind bars.
This is a popular question - and here are a few remarks from James
Both LLCs and BTs are designed to hold legal title to assets. They both provide limited liability and have three income tax classifications (disregarded, partnership or corporation)
LLCs require SOS registration, franchise taxes and various other reporting requirements. They are easily found doing a public records search online. If the LLC owns real estate, the Recorders office will also display that data online. You can see the connection. And LLCs are now subject to additional reporting based upon the federal Corporate Transparency Act. In summary, you're under government control.
Business Trusts are the complete opposite. In most cases there is no state registration, franchise taxes or reporting. Public records research will come up empty because they're unlisted. Real estate holdings will display the trust name in the Recorder's database but it's a dead end street if you do the deed right. In summary, you get freedom.
LLCs are popular as most lawyers and attorneys advocate them for real estate and other holdings. Business Trusts are rarely understood by the legal community. But if you don't care about being popular and prefer asset privacy without government hassles and taxes then use a business trust.
The legal system that originated in England and is now in use in the United States, which relies on the articulation of legal principles in a historical succession of judicial decisions. Common law principles can be changed by legislation.
The court officer who oversees administrative functions, especially managing the flow of cases through the court. The clerk's office is often called a court's central nervous system.
Do you have Trust issues? Keep watching to learn more
So, you own a business and your accountant has set you up in a Trust structure. If you are unsure on what a trust is and how it operates, then you have come to the right place.
A lawsuit in which one or more members of a large group, or class, of individuals or other entities sue on behalf of the entire class. The district court must find that the claims of the class members contain questions of law or fact in common before the lawsuit can proceed as a class action.
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