Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
Over on IowaBiz.com Joe Kristan has an excellent post describing the basic tax treatment of S corporation losses. Joe says,
Bottom line? The ability to deduct business losses is a good reason for many taxpayers to use S corporations. If you expect S corporation losses, talk to your tax pro before year-end to make
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Joe Kristan, Central Iowa’s premier blogging accountant, reminds us in a recent post that LLC and corporation owners are responsible for unpaid payroll taxes. The most important take from the post:
The moral? Never, ever fail to remit your payroll taxes; if you do, don’t expect an LLC, or any other entity for that
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The lawyers at Stark & Stark continue to produce helpful information on their law blog for clients and lawyers alike. The latest article worth reading is from Stuart Mickleberg the Buy-Sell Agreements in Closely Held Business. Stuart says a good Buy-Sell Agreement should accomplish at least four important objectives:
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Governor Culver recently signed into law a bill providing $4 million in funding for Iowa’s Targeted Small Business Program. To qualify under the program a business must have sales of less than $3 million and be at least 51% owned, operated and managed by women, minorities or persons with disabilities.
If you have a…
I generally recommend that new business clients visit with their accountant before deciding which type of business entity to form. Even if I were to make my recommendation it is helpful to get the advice of the professional who will actually being doing the taxes.
I saw a good post today on some of the…
Most small businesses will enter into a contract or business deal from time to time. Some agreements may be simple while others may require the skills of a contract or business attorney. In either case, you will want to feel comfortable that you have negotiated your best deal possible. The following are five basic suggestions…
In my last post on franchising I discussed some available franchise due diligence resources for prospective franchisees. And while I know due diligence is critical before buying a franchise, I cannot help but remember an email I received from a non-client franchisee in response to a different franchise due diligence post I wrote after the…
Are you interested in a business franchise opportunity? It seems as though more and more Iowans are choosing franchises as an option rather than starting businesses on their own. It is extremely to important to conduct due diligence and check out franchisors thoroughly.
Inc.com has an excellent Guide on Buying a Franchise. Topics covered…
In October of 2006 I posted about an Iowa Association of Business and Industry survey regarding how Iowa business leaders perceived the legal climate in Iowa. The survey stated that many business leaders are dissatisfied with Iowa’s legal climate and believe it is costing the state jobs because of competition with other states.
That survey…
One of the biggest challenges for my clients is hiring and retaining talented employees. David Maister has an excellent post on hiring talented people. In his post David expands on the War for Talent is Back by Bob Sutton of Harvard Business Online.
Thanks to Kevin O’Keefe for pointing out the posts. Kevin runs an…