Ronald C. Iacone Jr., Esq., Author at IACONE LAW

Unsigned Operating Agreement Enforceable

An operating agreement is a contract, or creature of contract, that governs the internal affairs of an LLC. As noted in Florida's Revised Limited Liability Company Act, basic principles of contract law apply to operating agreements. See Fla. Stat. §…

Ronald C. Iacone Jr., Esq. In Asset Protection

You Did Everything Right But Have You PROTECTED Your Hard-Earned Assets

It was my absolute pleasure to be invited on The Wealth Management Show hosted by Rushlight Investments LLC and wealth manager Jean Paul R. Sanchez to present on asset protection representation. As per the video description: This is a replay of…

Ronald C. Iacone Jr., Esq. In LLC

Operating Agreement Saves the Day in Romagnoli

An operating agreement is the governing document of the LLC. It establishes the rules and regulations for LLC operation and provides a roadmap for the members and managers regarding internal affairs. It is based on contract law and is held to…

Ronald C. Iacone Jr., Esq. In LLC

Response to RFE on Ownership and Control of U.S. Entity

For purposes of L-1 Classification, the foreign entity must present evidence of ownership and control of the U.S. Entity in order to prove that a qualifying relationship exists. My client’s business immigration attorney received a lengthy Request for Evidence, and…

Ronald C. Iacone Jr., Esq. In Asset Protection

When Transferring Assets to Family Backfires

It's like a never ending what-if scenario during many of my consultations, but when clients want asset protection, or at least what they think is asset protection, many ask about transferring assets to family as a form of pre-litigation planning.…

Ronald C. Iacone Jr., Esq. In Asset Protection, LLC

Dissent: LLCs are a legal fiction, nexus of contracts

The emergency suspension without a hearing of an alcoholic beverage license issued by the Department of Business and Professional Regulation (“DBPR”) for alleged violations of Florida’s COVID-19 orders sparked a quick petition to the First District Court of Appeal in Florida…

Ronald C. Iacone Jr., Esq. In Asset Protection

Implications for Foreigners in the IRS Revision to the EIN Application

In March, the Internal Revenue Service (IRS) announced a revision to the Employer Identification Number (EIN) application process that could potentially have some serious consequences for foreigners or non-resident aliens (NRA) who wish to start a company in the United…

Ronald C. Iacone Jr., Esq. In Asset Protection

There is no such thing as a Limited Liability Corporation

There is no such thing as a Limited Liability Corporation. Sure, corporations to an extent enjoy limited liability, but that does not make them limited liability corporations — corporations are just corporations. The LLC designation actually stands for limited liability company,…

Ronald C. Iacone Jr., Esq. In Asset Protection

Response to Attorney Question: Multiple LLCs

An attorney question came across my desk the other day and I thought I would share my response with the collective. She queried whether multiple LLCs or a single LLC was most appropriate to hold her client's rental properties, and…

Ronald C. Iacone Jr., Esq. In Asset Protection

Event: Legal Structures for Small Businesses

This past week I had the pleasure of presenting on Legal Structures for Small Businesses for a Spanish speaking audience. The event was organized by Prospera, a non-profit that provides bilingual assistance to hispanic entreprenuers trying to establish or expand…

Ronald C. Iacone Jr., Esq.

Unsigned Operating Agreement Enforceable

You Did Everything Right But Have You PROTECTED Your Hard-Earned Assets

Operating Agreement Saves the Day in Romagnoli

Response to RFE on Ownership and Control of U.S. Entity

When Transferring Assets to Family Backfires

Dissent: LLCs are a legal fiction, nexus of contracts

Implications for Foreigners in the IRS Revision to the EIN Application

There is no such thing as a Limited Liability Corporation

Response to Attorney Question: Multiple LLCs

Event: Legal Structures for Small Businesses

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