Launching a business can be exciting and intimidating, especially for new entrepreneurs. A crucial decision involves what entity to form for the new company. An intelligent choice of ownership structure can lay the foundation for success or struggle in a business....
Trusted Counsel From A Tax Strategist Who Grew Up In Gig Harbor
Firm News
What is the difference between an LLC and a sole proprietorship?
When you are self-employed, you can choose to be a sole proprietor or create an LLC. Which option works best depends on your business needs. A Limited Liability Company (LLC) and sole proprietorship differ in their tax requirements, financial liability, and...
What are some differences between wills and trusts?
Creating a comprehensive estate plan is one of the easier things to put off, especially if you are young and healthy. In fact, as many as 68% of Americans have either decided not to write a will or simply have not gotten around to it. Still, as the adage goes, there...
Be skeptical of debt relief/consolidation scams promising freedom
Most American households are only a few bad weeks away from financial insolvency. Many households don't have adequate emergency funds to cover their mortgage for several months, to say nothing of the other debts and expenses that families incur through daily life....
Estate planning concerns: Is your child irresponsible with money?
Imagine you have a $10 million investment account, but your child has never had more than a couple thousand dollars in his or her checking account, and every other week he or she is asking for a handout. You love your child until the end of the earth, but you're...
