Owning shares in an S Corporation can present some unique issues when it comes to your estate planning. An S-Corp is a corporation that elects special tax status under the Internal Revenue Code (IRC) Subchapter S. Often a business owner chooses S-Corp status...
The failure of several banks in early 2023 raised fears among many individuals and businesses that their cash deposits were at risk. Most depositors were covered by FDIC insurance but others were not. The best way to protect your cash holdings is to understand the...
One of the first decisions you must make when starting a business is where to incorporate. If you plan to create a corporation (LLC, S-Corp, or C-Corp), you can select virtually any state to incorporate your business. However, you should review your options...
Contracts are so commonplace that we don’t always give them the attention they deserve until there is a problem. While the details of a particular contract may be unique, certain issues tend to come up often regardless of what kind of agreement is involved and the...
Buying a business can be very costly and often requires that the purchaser obtain financing. Since there are multiple ways to finance the purchase, it is helpful to get legal advice. An experienced business attorney can provide invaluable guidance on determining...
Tax season can be challenging for small business owners who must find time to gather information for tax returns while managing their companies. It’s important to have good recordkeeping practices throughout the year but even if you do, there still will be tasks to...