R. Kenner French discusses the importance of understanding and optimizing taxes as an entrepreneur. He emphasizes that taxes are one of the biggest expenses for entrepreneurs and suggests spending time on mitigating or lowering taxes. He encourages entrepreneurs to work with tax professionals and learn about taxes to make a significant difference in their financial...
Author: Kenner French
Why Asset Protection Matters?
Bob Bluhm, an asset protection attorney, discusses the importance of asset protection and estate planning for solopreneurs and real estate investors. He explains that asset protection involves structuring entities such as limited partnerships, limited liability companies, and corporations to keep assets private and out of reach from potential creditors. Estate planning aims to protect against...
Buy Businesses to Get Rich (and lower Tax)
If you decide to use a C corporation to operate your newly acquired business, you should know that our current federal income tax system treats corporate debt more favorably than corporate equity. So, as the owner of a closely held C corporation, you may find that including some third-party debt (owed to outside lenders) and/or...