Category: Small Business

3 Most Common Issues in Joint Ventures Many assume a joint venture ensures automatic success. Two companies teaming up to leverage complementary skills and assets in order to tackle strategic needs looks like a recipe for productive work. However, many joint ventures are far from perfect and failure does occur. To avoid such outcomes, discussing...

How Does the Tax Cuts and Jobs Act Affect My Choice of Entity? The Tax Cuts and Jobs Act that was signed at the end of last year ushered in many sweeping changes to the US tax code. Pretty much every taxpayer has been affected by the new legislation, and many businesses have been curious...

Everyone is scrambling to figure out how the Tax Cuts and Jobs Act (TCJA) will affect the amount of taxes they have to pay. The sweeping changes impact not only personal income tax, but also businesses. In addition to getting rid of the corporate alternative minimum tax (AMT), lowering the corporate income tax...

Do you know what will happen to your company once you are gone? Unlike corporations, which are typically owned by stockholders, small businesses must plan for what happens after the owner or owners retires or passes away. These small businesses, typically organized as sole proprietorships, partnerships, or limited liability companies, must understand all considerations...

If you are thinking about starting your own business, you know that there are a lot of decisions to make. The first of which is what type of business structure you should have. Many small businesses consider becoming Subchapter S Corporations and for good reasons. This type of corporate structure can separate your...