Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
Congratulations to Vince Basile of Aerospace Geartech who is featured in an article about the Business Innovation Zone (BIZ) in today’s Des Moines Register Business section.
Executive Director Mike Colwell worked with Vince to obtain grants through the Iowa Department of Economic Development and DMACC in order to purchase two manufacturing businesses (one from Ilinois and…
It is possible to form your own corporation without a lawyer’s help. Every day, many entrepreneurs do exactly that by using online incorporation kits. I have written about such companies in the past. There is definitely a segment of the market these incorporation companies serve.
The most obvious motivating factor for setting up a corporation…
I am excited to announce that the Sullivan & Ward law firm will publish its Iowa Law Blog beginning in mid to late August. The firm’s law blog will cover general legal issues inlcuding the following areas of law:
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The IowaBiz.com site is gaining popularity daily. Yours truly is one of the contributing authors but the other eleven authors have me checking this site every day and reading it through my feedreader. I am continually impressed with the quality of the ideas and concepts developed by the authors. A couple of my recent favorites and applicable to readers of…
I ran across this list of tips for new small businesses. Some terrific advice. Here are the ten tips as listed:
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A couple of Central Iowa business updates for your information:
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I am hoping you will provide me with some input. What do you think are the top legal issues facing small businesses today?
My general sense is that employee/human resource issues rank high. If you are a small business owner, what keeps you up at night from a legal perspective? If you are a lawyer…
On the Texas Small Business Law Blog there is an helpful post on the common mistakes made by small business owners. The common mistakes listed by business attorney David Willis include:
1) Under-capitalization.
2) Failure to plan and adjust for growth.
3) Over-emphasis on the type of business organization.
4) Failure to understand the
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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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