TAX PLANNING | 10/14/2024 Choosing the right business entity is a pivotal decision for any business owner. The entity you select impacts your tax obligations, personal liability, and other critical factors. For many small to medium-sized businesses, a Limited Liability Company (LLC) stands out as an attractive option, offering a unique combination of liability protection …
REGULATION | 10/01/2024 Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted agreement can do these valuable things: Agreement basics There are two basic types of buy-sell agreements: Cross-purchase agreements and redemption agreements (sometimes …
TAX PLANNING | 05/20/2024 Business owners can structure their companies in several different ways, depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. Anyone starting a business should consult a qualified tax professional, such as an accountant or tax …