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Garrett Sutton, Esq Articles and Resources

The Q-Sub

The Q-Sub

By: Ted Sutton What a Q-Sub is and How It Can Help Your Business Diane has been obsessed with dogs from a very young age. She was very close with her childhood hound, and enjoyed spending time with other dogs she knew. After the hound’s passing, she vowed to make a...

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Section 1202

Section 1202

By: Ted Sutton, Esq. Introduction From a very young age, Elong Muskrat was always passionate about providing solutions to the world’s most difficult problems. Over the years, Elong had founded multiple companies in different industries. Many of them failed. However,...

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The Corporate Transparency Act

The Corporate Transparency Act

By: Ted Sutton, Esq. The Final Rules Are In – New Requirements Ahead for Every Corporation, Limited Partnership, and Limited Liability Company  Introduction  Powertainment, LLC is a profitable company that helps aspiring entrepreneurs become the best version of...

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How LLCs Can Protect Doctors

How LLCs Can Protect Doctors

By: Ted Sutton Doctors are frequent targets of medical malpractice suits. This is why many of them have malpractice insurance to cover these claims. But what happens when the insurance does not cover the full amount? In this situation, the last thing doctors want is...

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Are You a California Resident?

Are You a California Resident?

Are you a California Resident?You: I am out of your state for six months and a day!California: Hold my non-alcoholic beer! Many people believe that as long as they are outside the state of California for six months and a day they are not residents of California. And...

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Checkbook IRA

Checkbook IRA

Checkbook IRA – Checkbook LLC Whatever You Call It –There’s Trouble Ahead A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of...

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The Wyoming DAO LLC

The Wyoming DAO LLC

Is a Decentralized Autonomous Organization (DAO) Right For You? A DAO is an organization operated by a smart contract, which is a computer code running within the blockchain. The 'A' for Autonomous refers to the self-executing nature of it all. If a condition is met...

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Bylaws and Operating Agreements

Bylaws and Operating Agreements

Corporations A corporation must have bylaws. Bylaws are the road mapby which the corporation operates. Bylaws set forth how annual and special meetings are called and held, and how officers and directors are elected or removed. Bylaws provide a framework. A lack of...

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California: Pay To Play

California: Pay To Play

California continues to fight for its $800 minimum franchise tax. If you live outside the state but passively own real or personal property worth over $50,000 inside California you are doing business in the state. Sayeth California’s Franchise Tax Board: Please pay...

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Corporate Transparency Act Update

Corporate Transparency Act Update

Are you aware of the new filing nearly EVERY Corporation and LLC must file beginning in 2022? The Corporate Transparency Act (“CTA”) passed by the Senate and House now requires annual reporting of an entity’s beneficial owners to the U.S. Treasury’s Financial Crimes...

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The Five Ws in Every Good Business Plan

The Five Ws in Every Good Business Plan

You may be in a hurry to put together your business plan.  But don’t confuse the frenetic blur of activity with thoughtful preparation.  There are some major issues to discuss in your plan, and you’ve got to think them through. Winning business plans map out the major...

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Tax Advantages of Incorporating Your Business

Tax Advantages of Incorporating Your Business

You finally came up with an amazing name for your business, your business plan is carefully written and you’re ready for take-off! But as you read up on starting your business you stumble across a word that just keeps coming up: incorporating. Then, at your networking...

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S Corporation

S Corporation

Is an S Corporation the right entity type for you? This is a great question to explore when starting a business, or changing your existing business from a Sole Proprietor or General Partnership. It can make a difference in asset protection as well as in taxes. An S...

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