GOOD NEWS: THE LLC AND TRUMP’S PROPOSED TAX PLAN
We have all heard that “What happens in Vegas, stays in Vegas.” I often tell my clients that this is how they can understand the legal benefits of a properly structured and maintained business entity such as a Limited Liability Company (“LLC”). The LLC limits the liability of the owner(s)
ADVANTAGES AND DRAWBACKS OF BEING AN INDEPENDENT CONTRACTOR
What are the differences between being an Independent Contractor with income reported on a 1099 versus an employee with income reported on a W-2? What, if any, are the benefits and drawbacks of being an independent contractor? Independent contractors will have to pay more in Federal Insurance Contributions Act (FICA) taxes but
THE TOP 3 ESTATE PLANNING MISTAKES DOCTORS MAKE
Physicians are faced with challenges that require a different perspective on estate planning—there are no two ways around it. Sometimes just thinking about the estate planning process can be daunting enough—let’s not even talk implementation and keeping up with updates life or asset changes call for. With the right professional,