Meet the Client CLIENT: Our client was sole proprietor running his own trucking business in the pacific northwest, primarily focusing on serving his local area. WHAT OUR CLIENT WANTED: The client wanted protection for his business and personal assets. Additionally, he wanted help minimizing his tax burden from operating his business and managing his estate
Meet the Client This week’s featured company is in Gillette, Wyoming and is engaged in providing oilfield services, primarily roustabout, piping, welding, and reclamation services. Our client’s primary concern was tax minimization as he projected that his company’s profit would increase to $1.5 million in 2019, an increase of over $1 million from 2018. The
Meet the Client CLIENT: Our clients are a husband and wife ownership team who own multiple operating companies. Their primary operating company is engaged in providing oilfield services, such as, hot oil pumping, roustabout services, hydro testing, multiplexing, and frac units. WHAT OUR CLIENT WANTED: Out clients’ primary objectives were to protect business and personal
Meet the Client CLIENT: Our clients are a husband and wife ownership team, who are the sole owners of an LLC taxed as an S corporation. Their operating company is engaged in providing hauling operations for the oil and gas industry. The company hauls water, waste, septic, and construction materials, as well as chemicals for
Meet the Client THE CLIENT: The client’s company was incorporated on April 11, 1977. It is taxed as a C corporation under the Internal Revenue Code (IRC). Under these provisions, the company pays corporate income tax on its taxable income at the corporate level directly. The client is the 100 percent shareholder of the company.
Meet the Client CLIENT: The company is a full-service truck repair and parts provider. OWNERSHIP: Our client is an active shareholder who works full-time in the company. Our client plans to plans to transfer a portion of the business to his two sons in six months. WHAT OUR CLIENT WANTED: Our client wants to gift
Meet the Client CLIENT: Our client is a manufacturer of ammunition products that it sells to consumers, retailers, and ammunition wholesalers across the country. In 2019, the company reported total income of $4,851,881 and net income of $375,937. For 2020, the client anticipates substantial growth with projected revenues and net income of $6 million and
Meet the Client CLIENT: The client was an individual who owned and operated a Texas corporation engaged in pipeline construction as a hydroexcavation and directional boring specialist. The company’s services also include right-of-way clearing, salt water disposal, pipe fusing, pipe padding, brush chipping, and removal of brush. All services were conducted through one corporation, and
Meet the Client CLIENT: The company is an oilfield service company engaged in supporting energy exploration and production services, including excavation of well sites to place equipment below grade, installing pumps, tanks, and pipes, painting equipment, and providing clean-up, maintenance and equipment rental services. OWNERSHIP: Our clients are two active shareholders who work full-time in