Category: Business

Tax Planning for Business Opportunities

Written by Lee McCullough
Tuesday, 09 March 2010 01:26
87 Comments

I am an amateur outdoor photographer. To me, photography is all about capturing the opportunities when they come and before they leave To get the perfect photo, you simply have to be in the right place at the right time Consider the following photos: I have been to these places many times when the colors [...]

 

Advance Planning for the Sale of a Business

Written by Lee McCullough
Sunday, 07 March 2010 01:28
100 Comments

The best way to prepare for the sale of your business is to sell your stock to a grantor trust (often called a Dynasty Trust) In addition to other benefits, this will protect the appreciation of your stock from estate taxes as well as other potential creditors If you want to provide incentive to key [...]

 

How to Avoid a Piercing of Your Corporate Veil

Written by Lee McCullough
Thursday, 25 February 2010 01:31
68 Comments

If you have one or more corporations or LLCs, this subject should be of importance to you. The general rule in every state is that a creditor of a corporation or LLC cannot reach the assets of the owners unless the owners have signed a personal guarantee, or unless the creditor can pierce the corporate [...]

 

The Case for Specialization (and deep powder)

Written by Lee McCullough
Monday, 22 February 2010 01:34
75 Comments

Last Saturday I went snowcat skiing with my dad and my brother. We had a marvelous time. But the most impressive part of the day was watching the guides who led us to the steepest and deepest powder runs while avoiding the dangers all around us. The guides have years of experience on the same [...]

 

Guarantee Good Times with Inverse Correlation

Written by Lee McCullough
Saturday, 06 February 2010 01:36
78 Comments

Two summers ago, we spent a week on a beautiful lake called Sand Hollow. This lake has huge sandy beaches, crystal clear water, warm temperatures, and stunning views. I was really excited to do alot of water skiing, but I knew that windy weather could play havoc with my plans. In order to hedge our [...]

 

Shopping for Favorable Laws

Written by Lee McCullough
Thursday, 04 February 2010 01:37
88 Comments

If you are looking to benefit from all the best laws, you might consider living in Florida, shopping in Oregon, forming your corporation in Delaware, forming your LLCs in Alaska, and forming your trusts in Nevada. These are the reasons why: 1. The following states have no income tax: Alaska, Florida, Nevada, South Dakota, Texas, [...]

 

Risk and Reward

Written by Lee McCullough
Monday, 01 February 2010 01:38
98 Comments

Last weekend I took 20 young men and 8 adults on a winter campout in the Uintah National Forest in Northern Utah. We rented cross country skis and we carried our gear in backpacks and sleds. We began our trek as the sun set and an enormous full moon began to rise over the horizon. [...]