I did something yesterday I’ve been thinking about doing for about three years.  I filed to incorporate our investment portfolio into a limited-liability company (LLC).  Brilliance Equity, LLC (BE) will serve as our primary investment vehicle in real estate, private equity (startups), equities, and bonds.  I will gradually roll most of our personal investments into this LLC.  It is currently a sole proprietorship, but in the future it could expand to become a full-fledged private equity firm.  I’m currently working on a business plan to turn it into a multi-partner firm.  I consider this my hobby now, but I also want to make sure that if or when we jump off this international merry-go-round I’ll be able to do something I enjoy doing.  I dread having to jump back into the private sector working for a company doing a job I don’t really like.  There’s no better job for me than the one I’m doing now.
 
I waited to pursue incorporation because I thought it would be difficult to incorporate, but it’s surprisingly easy to do.  The firm’s address in Houston, Texas offers us a virtual presence in the United States.  The LLC will actually be incorporated in the State of Delaware, where more businesses incorporate than any other.  Why incorporate?  There are actually many reasons, but here are a few:  http://www.corporate.com/should-i-incorporate.htm.  I used another company to incorporate, so that’s not a sales pitch for corporate.com.  Research your options if you decide to incorporate.  Some are cheaper than others.  You can do it for a few hundred dollars.  Make sure though that you have a reason to incorporate–that you have enough assets to justify incorporation.
 
I was inspired to incorporate by Steve Feinberg, who founded Cerberus Capital Management.  Founded in 1992 with $10 million, Cerberus’ holdings in 2006 were approximately $24 billion.  If it were a public company, it now would be one of the largest companies in the U.S.  Is incorporating about getting rich?  Of course, building wealth is a factor, but more than that, it’s about finding fulfillment in doing the best job you can at something you love.  Incorporating provides you more benefits than being unincorporated if you have a sizeable portfolio.  I already have another full-time job, and I will do the best job that I can at that job, but I also enjoy investing and am intent on maximizing my investments’ potential returns.  It’s wholly possible to succeed at private equity and keep your day job.  You just have to be smart about your investment choices.
 

Books by MG EdwardsMG Edwards is a writer of books and stories in the thriller and science fiction-fantasy genres. He also writes travel adventures and children’s books. A former U.S. diplomat, he served in South Korea, Paraguay, and Zambia before leaving the Foreign Service to write full time.

Edwards is author of six books. His memoir, Kilimanjaro: One Man’s Quest to Go Over the Hill, was finalist for the Book of the Year Award and the Global eBook Award. He has published four children’s picture books in the World Adventurers for Kids Series: Alexander the Salamander; Ellie the Elephant; Zoe the Zebra; and a collection featuring all three stories. His book Real Dreams: Thirty Years of Short Stories is an anthology of 15 short stories.

Edwards lives in Taipei, Taiwan with his wife Jing and son Alex. He has also lived in Austria, Singapore and Thailand. For more books or stories by M.G. Edwards, visit his web site at www.mgedwards.com or contact him by e-mail at me@mgedwards.com or on Twitter @m_g_edwards.

© 2017 Brilliance Press. All rights reserved. No part of this work may be reproduced or transmitted without the written consent of the author.

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