What Is a Dynasty Trust — And Why Every Wealthy Family Needs One
Most people have a will. Some have a trust. Very few have a Dynasty Trust — and that gap is costing American families billions of dollars in unnecessary estate taxes every generation. If you’ve built significant wealth — through a...
What Is a Solo 401(k) and Why Every Self-Employed Business Owner Needs One
If you’re self-employed or own your own business and you’re not using a Solo 401(k) — you are almost certainly leaving tens of thousands of dollars in tax savings on the table every single year. This is one of the...
5 Reasons Your Single LLC Is Costing You Six Figures
When most business owners start out, they form an LLC. It’s fast, it’s simple, and it feels like the right move. And at the beginning it probably was. But if your business is doing $500K or more and you’re still...
What Is Section 1202 QSBS — And Why Almost Nobody Uses It
There is a provision in the United States tax code that allows qualifying business owners to exclude up to $10 million in capital gains from federal income tax completely. It has been in the tax code since 1993. It is...
LLC, S-Corp, or Schedule C — Which One Do You Need and When?
This is the question I get asked more than any other. Every week I talk to business owners, side hustlers, freelancers, and entrepreneurs who are confused about the difference between an LLC, an S-Corp, and a Schedule C — and...