Category: Business Law

What Is An Independent Contractor?

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

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LLC – A Sound Choice For My Business?

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 [..]

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Seven Common Mistakes of Business Owners

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 [..]

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Limited Liability Company LLC

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. [..]

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