Business Insights

Most businesses end up cutting into profits simply by not taking advantage of the rules the IRS has laid out for them. The most susceptible to this common downfall is the sole proprietor or single-member LLC. It’s possible to save on single member LLC taxes—you just need to know the right steps to take. What is […]

What Is Sustainability? Global sustainability should be seen as an opportunity. Ultimately, sustainability is reflected by your company’s impact on the environment, people, and the community. Sustainability is about far more than just “being green”. Addressing things like global poverty, world hunger, clean water, disease outbreaks, racial equality, gender equality, and many more, will require […]

What Is a Delaware Dynasty Trust? A Delaware Dynasty Trust is a long-term multi-generational trust. It is created to pass family wealth from generation to generation while minimizing gift and transfer taxes. Typically a bank or other trustee controls trust distributions and management of its assets. Trust assets that remain in the trust are not part […]

LLC Charging Order: Two-Way Protection Unlike many other states, one key benefit of the Delaware LLC not available to corporations in any state is that the Delaware LLC also offers a second type of protection: the “reverse shield.” Choosing to form a Delaware LLC creates a two-way shield. Unlike the traditional shield, the reverse shield […]

Default Tax Treatment of LLCs: Easy, But Not Usually Most Favorable For example, if an LLC begins with one member it will be taxed as a sole proprietorship, meaning all income and expenses are reported on Schedule C of the individual’s tax return. This is known as a disregarded entity for tax purposes because the […]