fbpx
31 01, 2019

I’m Starting a New Business – Should I Use an LLC (Taxed as a Partnership) or an S Corporation?

By |2019-01-29T17:40:58-07:00January 31st, 2019|Categories: Business Planning, Taxes|Tags: , |0 Comments

Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but not without careful financial and legal considerations. Among the decisions that new business owners grapple with is whether to form a limited liability company taxed as a [...]

30 01, 2019

5 Tips for Successfully Receiving an Inheritance

By |2019-01-28T13:46:22-07:00January 30th, 2019|Categories: Estate Planning|Tags: |0 Comments

If you recently received an inheritance or are expecting to receive one in the near future, it has likely triggered mixed emotions in you. You have lost a loved one and experienced monetary gain. Studies show that a third of Americans who received an inheritance completely spent it within [...]

29 01, 2019

5 Reasons Your Single-Member LLC Needs an Operating Agreement

By |2019-01-28T13:06:19-07:00January 29th, 2019|Categories: Business Formation, Business Planning|Tags: , , , , |0 Comments

An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC - after all - why make an agreement with yourself? Is the [...]

28 01, 2019

3 Simple Ways to Avoid Probate Costs

By |2019-01-26T12:18:05-07:00January 28th, 2019|Categories: Estate Planning, Probate, Trust|Tags: , , |0 Comments

The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law. Depending on the probate's complexity, fees can run into tens of thousands of dollars. The good news: probate costs can be reduced by avoiding probate. It’s that simple. [...]

25 01, 2019

Big “Life Changes” Often Mean Big “Estate Plan Changes”

By |2019-01-19T19:25:17-07:00January 25th, 2019|Categories: Estate Planning, Trust|Tags: , , , , , , , , , |0 Comments

Many people who put together an estate plan do so when they start a family - assuming they put an estate plan together during their lifetime. While putting an estate plan together is a good thing to do, many people make few updates once the plan has been created, [...]

23 01, 2019

Four Reasons Why Estate Planning Isn’t Just for the Top 1% Percent

By |2019-01-19T18:58:35-07:00January 23rd, 2019|Categories: Estate Planning, Financial, Taxes|Tags: , , |0 Comments

There is a common misconception that estate plans are only for the ultra-rich - the top 1 percent, 10%, 20%, or some other arbitrary determination of “enough” money.  In reality, nothing could be further from the truth. People at all income and wealth levels can benefit from a comprehensive [...]

22 01, 2019

Impact of Tax Reform on Small Businesses

By |2019-01-22T16:31:36-07:00January 22nd, 2019|Categories: Business Planning, Taxes|Tags: , , , , |0 Comments

Now that it’s tax season, you may be concerned how the Tax Cuts and Jobs Act, enacted in December 2017, will impact your small business. The reforms represent the most sweeping tax overhaul in 30 years and could have a positive impact on your business’s bottom line—but they may [...]

21 01, 2019

3 Reasons You Want to Avoid Probate

By |2019-01-19T18:29:04-07:00January 21st, 2019|Categories: Estate Planning, Trust|Tags: |0 Comments

When you pass away, your family may need to visit a probate court to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in only your name. Although having a will is a good basic form of [...]

18 01, 2019

3 Asset Protection Tips You Can Use Now

By |2019-01-14T19:21:26-07:00January 18th, 2019|Categories: Business Formation, Business Planning, Estate Planning, Questions, Taxes|Tags: , , , |1 Comment

A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can cause a monetary judgment that will decimate your [...]

16 01, 2019

Small Business Owner? Know What Can Happen to Your Business If You Become Incapacitated or Pass Away

By |2019-01-14T17:20:42-07:00January 16th, 2019|Categories: Business Planning, Estate Planning|0 Comments

Preparing your company for your incapacity or death is vital to the survival of the enterprise. Otherwise, your business will be disrupted, harming your customers, employees, vendors, and ultimately, your family. Proactive financial planning -- including your business and your estate plan -- is key. Below are tips on [...]