Amplify Credit Union’s Post

The 1940 Morris Plan Co. v. Johnson and the 1944 case Crown Finance Corp. v. McColgan set the groundwork for taxing Hard Money Lenders as financial corporations in California. There, the California State Board of Equalization observed that an investor will be in competition with national banks if they are “making the same type of investments made by national banks.” “‘In substantial competition’ means that a corporation and national banks both engage in seeking and securing in the same locality capital investment of the same class, even though the terms and conditions of the business transactions of the same class are not identical.” (emphasis added) The term "class of capital investment" refers to categorizing different types of investments based on their nature, purpose, and the economic role they play. It distinguishes between various forms of capital—such as real estate, machinery, financial assets, and intellectual property. hashtag #whatsdrewworkingon #hardmoney #hardmoneylenders #franchisetaxboard #loanservicing #investortips

The 1940 Morris Plan Co. v. Johnson and the 1944 case Crown Finance Corp. v. McColgan set the groundwork for taxing Hard Money Lenders as financial corporations in California. There, the California State Board of Equalization observed that an investor will be in competition with national banks if they are “making the same type of investments made by national banks.” “‘In substantial competition’ means that a corporation and national banks both engage in seeking and securing in the same locality capital investment of the same class, even though the terms and conditions of the business transactions of the same class are not identical.” (emphasis added) The term "class of capital investment" refers to categorizing different types of investments based on their nature, purpose, and the economic role they play. It distinguishes between various forms of capital—such as real estate, machinery, financial assets, and intellectual property. hashtag #whatsdrewworkingon #hardmoney #hardmoneylenders #franchisetaxboard #loanservicing #investortips

Family businesses play a vital role in the UK economy, serving as its backbone. Securing their continuity demands meticulous succession planning. It's more than selecting the next leader—it involves navigating a intricate process that blends legal, financial, and personal factors. Discover the keys to successful succession in this article published by Battens Solicitors Limited >> /news/member/your-family-business-and-succession-planning.htm

Family businesses play a vital role in the UK economy, serving as its backbone. Securing their continuity demands meticulous succession planning. It's more than selecting the next leader—it involves navigating a intricate process that blends legal, financial, and personal factors. Discover the keys to successful succession in this article published by Battens Solicitors Limited >> /news/member/your-family-business-and-succession-planning.htm

Tuesday evening, the Echelon Business Development Network Trust and Estate group. Led this month by Adam McArthur, CFA, ASA, ABV, MAFF, the discussion centered around how members support their trust and estate clients while setting themselves apart in the industry. Despite a few absentees due to illness, the mastermind group upheld its reputation for fostering insightful conversations and camaraderie. Our thoughts were with the absent members - Dena Klotz, Joel Dobrin and Michael Bloom. Overall, it was another successful gathering where knowledge was shared, connections were strengthened, and strategies were refined." Mike Rudow, MBA, CFP®, AIF®, CEPA® snuck out with his Roadie before we could take the picture. Certainly! Here are some hashtags for trust in estate and accounting tax:#EstatePlanning #TrustAdministration #TaxStrategy #EstateTax #WealthManagement #TaxPlanning #FinancialPlanning #AccountingServices #Trustee #TaxCompliance #taxconsulting

LLCs, Trusts, Corporations. Which entity is best for your CRE deal?🤔 Join us for AEI's October 680 Commercial Idea Exchange! This month's speaker, Doug Messer, County Manager for Old Republic Title in Contra Costa County, will dive into ✅Holding title in an artificial entity (trust, LLC, corporation, partnership, etc.) ✅The pros and cons of the various entity types ✅Common pitfalls in buying, selling, or financing in an artificial entity PLUS: 🍳 Network over a delicious breakfast 💼 Share hot deals with 680 Corridor's top professionals 📊 Get the latest market updates 👉 Reserve your seat now: https://lnkd.in/gUgXza6g #ArtificialEntities #RealEstateStrategy #680Corridor #CommercialRealEstate #CommercialDeals #BuyingSellingFinancing #BreakfastNetworking #MarketUpdates

#FinancialGoals that are set up for the first quarter of the year have the potential of providing a sense of purpose and direction. They may help you prioritize what matters most and take deliberate steps toward your objectives. #ThornwoodFinancial #Thornwood #Q1Goals

As we make our way through the first quarter of the year, we would love to hear your Q1 goals! Our goals? 1️⃣ Continue delivering solution-oriented financial guidance. 2️⃣ Expand our reach to support small businesses. 3️⃣ Foster financial confidence in our community. Share your Q1 financial goals below and let us make the most of the year ahead! #ThornwoodFinancial #Thornwood #FinancialAdvisors #SolutionOriented #Chicago #Illinois #Huntley #SmallBusinessGoals #Q1FinancialFocus #FinancialPlanning #Q12024 #BusinessSuccess

Your Q1 goals should be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. Tailoring your objectives to your unique situation ensures you stay on track to achieve them. #ThornwoodFinancial #Thornwood #Q1Goals