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Monthly Archives: January 2019

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

By |2019-01-29T17:40:58-08:00January 31st, 2019|Business Planning, Taxes|

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 partnership (LLC) or a corporation [...]

5 Reasons Your Single-Member LLC Needs an Operating Agreement

By |2019-01-28T13:06:19-08:00January 29th, 2019|Business Formation, Business Planning|

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 Operating Agreement a Legal Requirement? [...]

Impact of Tax Reform on Small Businesses

By |2019-01-22T16:31:36-08:00January 22nd, 2019|Business Planning, Taxes|

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 have left you feeling a [...]

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

By |2019-10-23T19:58:13-07:00January 16th, 2019|Business Planning, Estate Planning|

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 how to protect your company [...]

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