Private Corporations, Asset Protection, & Tax Reductions
BY Kendal Blunck | May 24, 2017Not all corporations are created equal. When many people hear the term “corporation,” they often think of a huge business with hundreds or thousands of shareholders and thousands or even millions of dollars in profits. While this is true of some corporations, most corporations in the United States do not fit this description. In fact,…
Expert Interview Series: Tom Stansfield of The Society on Protecting Your Assets in Your Will
BY Kendal Blunck | March 22, 2017Tom Stansfield is Head of Communication and Marketing for the Society of Will Writers. We recently asked for Tom’s insight on writing a will, including things to remember when crafting your will and how to best protect your assets. Here’s what he shared: Tell us the story behind the Society of Will Writers. What is…
Protection & Liabilities in Sole Proprietorships and Partnerships
BY Kendal Blunck | March 8, 2017Sole proprietorships and partnerships work well for small businesses that are just getting started and have few risks. However, there are some serious drawbacks to these business structures that business owners should consider as the company grows. If you have a small business that has few assets, then a sole proprietorship or partnership may make…
How to Choose the Right Corporate Structure
BY Kendal Blunck | February 23, 2017Choosing the right structure for your business is important for several financial reasons. It is also an important decision from convenience and legal perspective as well. It will determine how you should pay your taxes, your personal liabilities, and how you can generate capital for your business. Thankfully, even if you have chosen a corporate…
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