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Global News

Being a foreigner in USA Buying a House with an LLC 1. Understanding LLCs An **LLC (Limited Liability Company)** is a legal entity that many investors form to buy rental property. Here's what you need to know: - **Definition**: An LLC shields owners from personal liability related to company actions. - **Ownership**: Members can include individuals, corporations, foreign entities, and more. - **State-Specific Rules**: Each state treats LLCs differently. Some states permit single owners to own an LLC, while others have specific LLC laws. Check the laws in the state where your property is located.   ## **2. Advantages of Buying with an LLC** ### **a. Privacy** - When you buy a house under an LLC, your personal identity remains private. The LLC’s name appears on public documents, concealing your personal information. ### **b. Limited Liability** - LLCs protect owners from becoming personally liable for company debts or liabilities. - Note: Living in an LLC-owned rental

Global News

Does Car market really crash in Pakistan ? Recently, Toyota, Honda, Kia, and Suzuki have decreased prices of some of their cars. The biggest decrease is in Kia Stonic (by 24%) followed by Suzuki Swift GLX CVT (by 13%) and then Toyota Yaris 1.3 CVT (by 3%) and Honda City CVT (by 3%).  There is a reason for new prices of all four cars being almost the same i.e. to remain below the Ex-GST price of Rs4 mn. During March 2023 -GST for 1400 cc plus cars (and on all SUVs) was increased from 18% to 25% for 1400 cc plus - All these cars (but Stonic) had remained unaffected, as these were below 1400Cc and none falls in SUV category.   Kia Stonic (being in the same category in the eyes of consumers) were cornered by this move. March 2024- After one year, the regulation is changed to cap 25% GST on Ex-GST price of Rs4 mn and the anomaly of having all SUVs is omitted. Seeing this, #Toyota and #Honda marginally reduced their top #variants in 1.3 and 1.2 categories to ensure Ex-GST price remains below

Global News

Navigating Through Turbulent Tides: Global Geopolitics and Economy South China Sea Disputes: A Powder Keg in the Pacific The South China Sea remains a hotbed of geopolitical tension, with the USA and China at the forefront of a complex dance of power and dominance. The USA’s support for the Philippines in island-retaking drills1 and the sinking of a decommissioned China-made ship during joint exercises2 signal a clear stance against China’s assertive claims3. Analysts suggest these maneuvers are not just about territorial claims but a broader strategy for regional dominance, potentially impacting global trade routes and international relations. Post-War Economies: The Ripple Effects of Conflict The aftermath of the Ukraine-Russia war continues to shape the international economy. Russia’s wartime production has become a cornerstone of its economy4, while the full mobilization for war has left its oil industry craving manpower5. On the other side, Ukraine’s economy shows resilience w

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