The new year is a great time to consider forming a business… and go skiing Each new year brings reflection. As a business owner or prospective business owner, you will think about the successes and lessons of the past year or reflect upon why you want to start a business. Hopefully you will continue any [..]
Category: Business Law
On a normal day, you would never think about issues that could jeopardize the health of your business. Issues such as liability are never fun to consider. The drawback of not doing so however can be greatly damaging in multiple ways.
We often hear business owners, especially small businesses, ask “what is an independent contractor?” This is an excellent question as it can have far-reaching tax implications. A wrong classification can lead to rather severe tax penalties. One thing to remember is that
Washington State offers different types of structures to consider when starting a business. The risk of not having a business structure in place can be devastating causing unnecessary hardship if the business takes a while to get on its feet. An LLC, or Limited Liability Corporation, is the best choice for some small businesses. This [..]
Have you gone into business for yourself only to find that some of the rules and regulations are less than straightforward? Here’s a list of seven common mistakes that we see business owners, new and seasoned, make on a regular basis… FAILING TO DO BUSINESS WITH A PROPERLY STRUCTURED LEGAL ENTITY. A sole proprietorship is [..]
A Limited Liability Company (also referred to as an LLC) is a business structure that has gained popularity because the owners are faced with very restricted or limited liability for debts and actions of the LLC. The LLC also acts more like a partnership, with pass-through taxation and management flexibility. LLC owners are called members. [..]