HK Creative Investments

20/02/2026

If you want to maximize the asset protection from your limited liability company, The Orix case suggests that California is not a favorable jurisdiction to use; other states, such as Delaware and Nevada, offer a better alternative on the bank “charging order/foreclosure” issue.

&ThePenPals

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If you want to maximize the asset protection from your limited liability company, the Orix case suggests that California is not a favorable jurisdiction to use.

06/02/2026

How To Determine The “Qualified Tips” Deduction

The “qualified tips” deduction is often incorrectly described as a “no tax on tips” provision. The “no tax on tips” description is a misnomer because it does not constitute a direct exclusion of “tips” income from income taxation (instead it is a deduction), tips are still subject to Social Security and Medicare taxation, tips may still be subject to state taxation...

https://www.hkwealthfacts.com/wealth/internal-revenue-service-clarifies-qualified-tips-deduction/

&ThePenPals

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The “qualified tips” deduction is often incorrectly described as a “no tax on tips” provision. Learn the facts here…

22/01/2026

With prior disability planning, you can avoid the unfavorable consequences from a guardianship or conservatorship proceeding.

https://www.hkwealthfacts.com/wealth/succession-in-disability-situations/

&ThePenPals

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Succession is an important issue in estate planning. Usually, succession is discussed in terms of an asset owner’s or business owner’s death. Who should succeed me as owner and manager of my assets or…

16/10/2025

In Regulation D of the 1933 Act, the SEC created different categories of “private placements” which dictate how the private offerings to investors are to be handled.

&ThePenPals

Read letter below👇

The hidden truth about private investments for high-net-worth individuals. Get smarter faster® here.

05/08/2025

There are 7 individual income tax rate brackets, with rates of 10% (with an inflation adjustment in 2026), 12% (with an inflation adjustment in 2026), 22%, 24%, 32%, 35%, and a maximum rate of 37%.

Trump's tax policy affects tips, overtime, cars, people aged 65+ and even gamblers.

Learn about Trump's 2025 Tax Act for estate planning - estate tax & gift exemption.

Link to read letter below 👇

https://www.hkwealthfacts.com/wealth/the-2025-tax-act-key-individual-tax-provisions/

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12/05/2025

One great feature of LLCs (especially in start-up scenarios) over corporations is the ability to apply special allocation of profits or losses with LLCs.

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LLC might become more popular than corporation, but drafting a proper LLC operating agreement is key. &ThePenPals Read letter below👇

08/03/2025

Irrevocable trusts require that you give control of your assets to a trustee.

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The spousal lifetime access trust (the “SLAT”) has the potential for effective estate tax planning. But one big concern is that you must hand control of your assets to a trustee. &ThePenPals Read letter below👇

11/02/2025

It will be important to see what position the Trump administration takes toward “BOIR/FinCEN” reporting.

&ThePenPals

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What will be the next development in this continuing saga of “BOIR/FinCEN” reporting? &ThePenPals …

08/10/2024

There are two types of reporting companies: “domestic reporting companies” and “foreign reporting companies.”

Even if an entity otherwise would qualify as a domestic reporting company or a foreign reporting company, it is not subject to FinCEN reporting if it can qualify for any of these 23 exemptions. Read on...

&ThePenPals

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There are two types of reporting companies: “domestic reporting companies” and “foreign reporting companies.” Reporting companies are subject to significant…