October 24, 2016
Fast Facts
Bringing Business Up to Speed
AWB Events & Resources

LLC, S-Corp or C-Corp: Choosing the right entity type for your business

Choosing the right entity type for your business can have dramatic results as it relates to taxation, asset protection, and the eventual sale of your company. Join Kristofer Gray and his team from Integrity Financial Corporation on Nov. 10 in Bellevue to discuss the following topics and hear answers to these questions:

  • How does it affect my personal taxes if I am structured as an S-Corporation vs. a C-Corporation or LLC?
  • What type of entity is best for a stock sale or an asset purchase?
  • How would the new proposed regulations of 2704 affect family businesses and their ability to discount gifted shares for lack of marketability or lack of control to the next generation?
  • Should I have my different real estate assets held inside LLCs?
  • What entity is best for owners with large medical expenses or conditions?
  • What entity creates the most asset protection from creditors and frivolous lawsuits?
  • What are the benefits of incorporating in specific states like Nevada, Delaware or Alaska?
  • What qualified retirement plans are available and how do they mechanically work with the taxation of different entities?

Gray will also examine many of the common challenges affecting business owners on the subject of succession planning and implementation.

Learn more and register online.

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Focus on Sustainability

Helping CAT Excavators Ride the Rails

HPF Manufacturing, Inc. has created an innovative way to cut fuel use by 97 percent for railroad work and maintenance.

The Snohomish County employer designed Rail-X undercarriages to maximize fuel efficiency by incorporating drive motors so that an excavator can be driven on rail to a work site by a single operator. The average fuel consumption is just 5 gallons per hour. In contrast, the traditional process for rail maintenance involves the following: An excavator is trucked to a rail site, hoisted and bolted onto a rail car, then pulled by locomotive to the work site. The average fuel consumption is 175-200 gallons per hour.

Using Rail-X excavators significantly cuts fuel consumption by up to 97 percent when compared to the traditional process of railroad maintenance, thus reducing the carbon footprint within the rail industry for a more sustainable and green environment.
Read more in Washington Business magazine
Reasons to Say Yes

Oil terminal merits approval

By Mike Bridges, business representative for IBEW 48, Longview

A recent letter by International Longshore and Warehouse Union (ILWU) Local 4 President Jared Smith mischaracterized the proposed Vancouver Energy crude-by-rail terminal.

Opponents such as Smith largely base their arguments on concerns about oil trains that are already running through this state and will continue whether or not Vancouver Energy is built.

The letter presented a false choice of windmills versus oil trains -- we need both. Cars, trucks, buses and jets don't run on wind. Petroleum fuels keep us moving and keep our economy strong.

Smith also asserted falsely that Vancouver Energy crude oil would go overseas. Instead, Midwest oil will go to West Coast refineries to create products we need, reduce crude imports by 30 percent, and enhance U.S. energy independence...

Read the full letter to the editor in The Olympian
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