You’re an entrepreneur getting your new business up and running. Inevitably, you will run into a particular subset of questions regarding the set up of your business. As a law firm serving small businesses, here are the questions we receive time and time again: Should my...
New virtual businesses are not exempt from potential liabilities. So new virtual business owners should consult with lawyers, accountants and insurance brokers to protect your assets. If you are doing business across state lines, you may also be subject to other state's registration and taxation...
What happens if the single owner of a business dies? It is a tad morbid, but it is a very important part of business succession planning that needs to be prepared and discussed. The first question you need to answer is: who gets the business? Family, Children, and Minors As we...
I want to take the opportunity to address a couple common misunderstandings between legal entities and tax designations. One common question that we get is if I should form an S corporation. The answer to that question, actually, is that you can’t. Let’s step back and look at this...
It is just a matter of time. The Supreme Court's decision in South Dakota v. Wayfair, Inc., has paved the way for states to begin implementing a sales tax on online sales. Well, actually, for most states online sales have still been subject to sales tax,...