Cost segregation lets commercial and rental property owners accelerate depreciation deductions into the early years of ownership. Blake Collinsworth of CSSI Services explains how studies work, what they save, and how restored 100% bonus depreciation changes the math.
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By Matthew A. Griffith, Attorney Indiana’s real estate licensing requirements are governed by IC § 25-34.1 (Real Estate License Act) and administered by the Indiana Professional Licensing Agency. The general rule is straightforward: anyone who acts as a real estate broker—negotiating or facilitating real estate transactions for others for compensation—must…
By Matthew A. Griffith, Attorney Forming an LLC or corporation in Indiana creates a legal barrier between your personal assets and your business liabilities—but that barrier is not automatic or permanent. Indiana courts can and do “pierce the corporate veil” when business owners fail to maintain the separation between themselves…
By Matthew A. Griffith, Attorney Indiana courts enforce non-compete agreements (covenants not to compete) when they meet three requirements: the restriction must be reasonable in scope, reasonable in duration, and reasonable in geographic area. Indiana applies a “blue-pencil doctrine” that allows courts to modify overly broad non-competes rather than void…
By Matthew A. Griffith, Attorney In Indiana, lease-options and land contracts are two of the most commonly used seller-financing structures for residential real estate transactions. A lease-option gives the tenant the right—but not the obligation—to purchase the property at a predetermined price during or at the end of the lease…
By Matthew A. Griffith, Attorney Indiana authorized the formation of series limited liability companies in 2016 under IC § 23-18.1-6. A series LLC is a single parent LLC that can create unlimited internal “series,” each with its own assets, liabilities, members, and managers—with a statutory liability shield between series. For…
By Matthew A. Griffith, Attorney Indiana’s mechanic’s lien statute (IC § 32-28-3) gives contractors, subcontractors, laborers, and material suppliers a powerful tool for securing payment: the right to place a lien on the real property where they performed work or furnished materials. A mechanic’s lien attaches to the property itself,…
By Matthew A. Griffith, Attorney A land trust is a revocable, inter vivos trust that holds title to real property, with a trustee holding legal title and the beneficiary retaining the right to direct the trustee and receive the benefits of ownership. In Indiana, land trusts are sometimes promoted at…