Cordial Divorce™ workshop.
Click here.
Serving the communities of Bainbridge Island, Suquamish, Poulsbo, Kingston, Indianola, Port Gamble,Hansville, Bremerton, Port Orchard, Silverdale, Belfair. Seattle, all of King, Kitsap, Pierce and Mason Counties. Now serving all of Puget Sound and Washington State.
Contact us at 206/842-8363 to learn more, or download our brochure. Please complete our Cordial Divorce Interview form for a quote.
Offering legal services in the areas of Family Law, Business Law, Estate Planning, Probate, Contested Divorce
Parenting Plan Modification, Modification of Child Support, Custody Issues, Divorce with the spouse in another state or country, Collaborative Divorce, Cordial Divorce, Family Law Matters, Prenuptial Agreements
Incorporation, Limited Liability Companies, Corporate Formalities, Contracts, Partnerships, Buy/Sell Agreements, Start Ups
Wills, Trusts, Power of Attorney, Directives to Physician, Living Will, Living Trust
Why should I form an Limited LIability Company or a Corporation? Do I need a professional corporation ?
Forming and operating a corporation or Limited Liability Company, or LLC, is a wise choice for some small businesses. The main benefit of an LLC or a corporation is that these structures limit the owners' personal liability for business debts and court judgments against the business.
What sets the corporation apart from all other types of businesses is that a corporation is an independent legal and tax entity, separate from the people who own, control and manage it. Because of this separate status, the owners of a corporation don't use their personal tax returns to pay tax on corporate profits. The corporation itself pays these taxes. Owners pay personal income tax only on money they draw from the corporation in the form of salaries, bonuses, etc.
LLCs are similar to corporations because they also provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business income on their personal tax returns. Corporations and LLCs make sense for business owners who either 1) run a risk of being sued by customers or clients or run the risk of piling up a lot of business debts, or 2) have a lot of personal assets they want to protect from business creditors.
NOTE: Washington state law requires certain professions to form a different type of corporation that is referred to as a personal service corporation. Limited Liability Companies have the same requirement. If this requirement is not fulfilled, you fail to obtain the legal protection .