Limited liability is a valuable risk management tool for entrepreneurs, but it is not a cure all.
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The title of this post may sound like a straight-to-streaming rom-com about two strangers who wake up after a night out in Vegas only to remember they got married in a drive-thru ceremony the night before. Yet, somehow, it’s worse than that.
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Entrepreneurs may be able to use business losses to offset other income, provided the business is structured properly from a tax perspective.
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In the latest installment of “what do words even mean” we bring you a mercifully short entry on the difference between LLC allocations and distributions.
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Phantom income is income that a business owner has to pay taxes on despite not having received any cash to pay the tax from the business. It’s not great. But it’s avoidable.
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Location is everything…or maybe not.
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If you’re looking for a tax-related conversation piece for your next cocktail hour, look no further than this entry on the benefits of electing S corporation tax treatment.
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Find out how to avoid a common scam targeting newly formed Washington businesses.
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Starting your LLC required you to observe certain formalities; ending it will too. Make sure you’re aware of your responsibilities in dissolving the LLC and winding up its affairs.
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Legislative changes are on the way for how Washington corporate shareholders may acquire preemptive rights and cumulative voting.
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The PLLC is a great choice for professional service providers (e.g., psychologists, dentists, lawyers, etc.) looking to start their own business in Washington.
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If you woke up this morning brimming with curiosity about corporate shareholder meetings in Washington, you’re in for a real treat with this post.
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