Hunt & Associates P.C.

Dec 9, 2016

Poetic Justice? Federal Tax Revenues and Spending

taxes-646511_1280Even if it may not be poetic justice it is certainly ironic that to the extent the federal government redistributes federal tax revenues it receives from each state in federal spending among the federal states, the biggest losers are the states which consistently vote for candidates who support higher federal taxes.

While it’s generally accepted that American conservatives and “Red States” generally favor lowering levels of taxes while American liberals and “Blue States” generally support … Read more

Aug 23, 2012

Liability Issues for LLC Members

When I meet with clients for the first time they usually tell me they want to set up an LLC so that they cannot be sued personally for the company’s business.  However, limited liability does not mean absolute liability.  Members of limited liability companies can be liable for company debts, obligations, and liabilities for a number of reasons.

As a general rule members of a limited liability company are not personally liable for the debts, … Read more