There are many reasons to transfer ownership of real estate to a business entity, such as an LLC, or to a trust. Regardless of why you choose to transfer real estate ownership out of your individual name, you will almost…
Read MoreThe IRS recently announced new proposed regulations which may eliminate or significantly reduce valuation discounts on transfers of family entity interests (e.g., LLCs, limited partnerships, and corporations). Although there are several uncertainties regarding the scope of these new rules, the proposed regulations, if enacted, could result in substantial increases in estate, gift, and generation-skipping transfer taxes for many taxpayers.
Read MoreGiven its flexibility regarding structure and tax treatment, limited liability companies (LLC’s) remain one of the most popular entity types in the State of Washington for real estate and business ventures. When forming a new LLC, or purchasing interests in…
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