Quotes About Ownership

Sole proprietorships and general partnerships provide no asset protection.

you are better off not using a general partnership in the first place.

income potential, full ownership, appreciation of equity, and tax deductions.

The shareholders, the investors in the corporation, were liable only to the extent of their contribution to the business.

In an LLC, the members get the benefits of business debt

When holding an asset, as a general rule you will be better protected using an LLC instead of a corporation.

you may want to have your California entities, for example, owned by Nevada or Wyoming LLCs, which specifically offer protection on single member LLCs.

you don't want a lot of assets in one LLC (or LP). An LLC that holds ten properties is a much bigger target than ten LLCs each holding one property. In the first case, a fall at one property exposes the other nine properties to attack.

By contrast, in a member-managed LLC, the members are the shareholders, directors, and officers all at once.

When shareholders receive distributions from a corporation the transaction is taxed.

LLCs are favored for asset-holding entities.

On the other hand, transferring the house out of an LLC is not a taxable event.

Cats never liked to admit to names. Being named might lead to being held responsible for something.

But if you treat it courteously, brush it from time to time, and don't mess it up with mud or spill coffee on it, it should be fine.

Would I buy this today, at this price?" If not, you may not want to own it any longer.

People tend to overvalue what belongs to them relative to the value they would place on the same possession or circumstance if it belonged to someone else.

In essence, the endowment effect is really just another manifestation of loss aversion: People

The Lord who created you says: "Do not be afraid, for I have ransomed you. I have called you by name; you are mine." —Isaiah 43:1

The one who complains about the way the ball bounces is likely the one who dropped it. Lou Holtz

We are a nation of shareholders, he had said more than once to Seema, trying to articulate his brand of no-nonsense but compassionate capitalism.... Several times during his Greyhound trip, Barry had paused to consider that, although he loved his fellow passengers deeply, he could not trust them at the voting booth because they were not shareholders. They did not understand the thrill and the pain and the obligation of owning a part of their country.

When a woman has seen me, as you have, she belongs to me. She loves me forever.

I own an island. Because when you have a chance to own an island, you just do.)

You give names to your houses." "To cats and dogs also. If you call a dog, it will come to you sometimes. Cats will not come. So our houses are cats.

you will not be master of my body & my property