Archive for Asset Protection
11 Ways to Protect Yourself in Business
Posted by: | CommentsBusiness is riskier than ever these days. The economy is a mess, credit markets are tight, taxes are high – and likely to go higher, the courts are clogged with frivolous lawsuits, and attorneys seem to rule the world. What can you and I do about it? Fortunately, we can do quite a bit to protect ourselves in this business environment. Here are 11 ways: Read More→
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What are "Start-Up" costs? To the IRS, qualified start-up costs are those expenses that a business incurs while in the process of determining whether or not to start a new business, and which new business to begin. This is often called the "whether or which test". See IRS Rev. Rul. 99-23, 1999-1 CB 998....... -
Entrepreneurs Tale of the Tape The numbers are compelling, but perhaps not surprising: entrepreneurs make our economy - period. Our economy isn't driven by social programs, or by AIG/Lehman Bros/Morgan Stanley/General Motors or any other combination of banks or big business. The concept that "What's good for GM is good for America" has been turned......
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Husband & Wife Ownership of LLCs in Community Property States
Posted by: | CommentsI am frequently asked about the impact of a husband and wife owning the membership interest in an LLC in a community property state. It is and interesting issue that is unresolved in many respects.
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11 Ways to Protect Yourself in Business Business is riskier than ever these days. The economy is a mess, credit markets are tight, taxes are high - and likely to go higher, the courts are clogged with frivolous lawsuits, and attorneys seem to rule the world. What can you and I do about it? Fortunately, we......
- 11 questions that can help you choose the best business entity for you Small business veterans may differ on politics, taxes, management styles and even on business models. But one thing they generally agree on is this: the business world is a dangerous place. In business, there is potential trouble literally everywhere - contracts, product liabilities, employee problems, intellectual property mistakes, etc. -......
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Average company juggles 37 lawsuits
Posted by: | CommentsI don’t know how I missed this one, but I’m glad I finally ran across it: the international law firm of Fulbright & Jaworski L.L.P. (whose company slogan is “When you think litigation insight, think Fulbright), released their second annual Litigation Trends Survey last October. It is a fascinating, 32-page glimpse at the impact of runaway litigation on the economy. Here are some interesting facts from their findings:
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- Should you change your corporate status? Way back in December 1997, Inc. Magazine published an article that discussed the circumstances under which a business may want to consider switching its corporate status. Among the conditions it discussed were the following: The company needs capital. If you're simply contemplating raising your credit line or bringing in some......
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