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Author Archives: Dave DeLap, CPA
Keeping your business in the family
Transitioning a northwest family business from one generation to another presents numerous hurdles a family must overcome. Some closely held business owners have found a Grantor Retained Annuity Trust (GRAT) to be a powerful vehicle. A GRAT can help minimize … Continue reading
Posted in Business Best Practices, Estate Planning, Resources, Tax Strategy
Tagged Annuity, Estate, Gift, Grantor, GRAT, Retained, Section 7520, Tax, Trust
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How to be a professional commitment juggler
I read in a book a striking metaphor for life. As a “lifelong” juggler myself, the metaphor has stuck with me and been a guiding principle. “Success in life will require juggling. Imagine life being a five ball juggling act. … Continue reading
Posted in Business Best Practices
Tagged employees, Family business, human resources, success
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