Owner assets are not always protected by LLCs and corporations especially if corporate formalities are not followed carefully.
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The minimum wage law is not as simple as it seems for employers. All employers should make sure that they understand the law and pay employees correctly.
Comments closedAny business should take care to establish the infrastructure necessary to support having, and paying for, employees before they hire the first position. It’s well worth the effort.
Comments closedThere are sometimes net benefits to incorporating in another jurisdiction but it does increase the cost of incorporating and managing a corporation and those costs must be weighed against the strategic or economic benefit.
Comments closedThere are many examples of companies that fail in the process of succeeding. Zulily does not appear to be heading toward failure but they are struggling with the challenges of success which can be a valuable lesson for businesses of all sizes.
Comments closedOwning and operating a business is a challenge under the best of circumstances but each new year brings new changes in laws and a flurry of compliance requirements. Make sure that you know what your legal and compliance obligations are, create a calendar to track and remind you and make sure it is all done on time.
Leave a CommentThe Seattle Times front page article highlights the problems with the Washington State B&O tax and the difficulty the politicians have changing it. Without an income tax, the Washington State tax system is regressive and complicated ensnaring many businesses in traps that result in large audit assessments, penalties and interest.
Comments closedI am very relieved to find out that the bill just passed by Congress to avert the fiscal cliff finally dealt with the federal estate…
Leave a CommentIt’s hard to believe, but Washington State is ranked as the sixth best state for tax burden.
Comments closedLinks to my materials from my presentation at the Non-Profit Formation, Taxation and Grant-Writing seminar last week which was sponsored by the Puget Sound Chapter of the Washington Association of Accountants on September 25, 2012.
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