An article in Barron’s supports, in a big way, the importance of keeping good business records. The article details how the IRS disputed a $75,000 repayment of a loan for a business owner named Henry resulting instead in a $68,000 dividend, on which Henry owed tax.
Joseph Gelband, a tax attorney from Larchmont, New York
I want to take the time to thank my clients that have made 2009 such a special year. I am very fortunate to work with some of the best people I know. A big thank you to the regular readers of this blog. As I enter the 4th year for Rush on Business this coming March
The Franchise King has a great list of 20 small business blogs that have the right stuff. These blogs possess some of the best content on the Web when it comes to small business. Be sure to check them out!
Throughout this blog you will see posts that recommend business people enter into a shareholder agreement when they start a corporation with multiple shareholders. But did you know that unless your shareholder agreement states otherwise, your shareholder agreement may only be valid for 10 years pursuant to Iowa corporate law?
Chapter 490.732 of the Iowa
In a recent interview I was asked about what employers need to know about the H1N1 virus as a follow up to my recent post on how employers need to be prepared for H1N1. I didn’t have a lot of time to respond as the question came towards the end of the program and
I had the pleasure of sitting down for an interview with Michael Libbie yesterday. We talked blogging, discrimination cases, franchising and other issues.
If you didn’t catch it live you can watch the podcast here. (The interview begins at about the 30 minute mark).
If you haven’t heard about Des Moines Local Live
Need capital for your business? Looking for an investor? If so, you should take the opportunity to attend a seminar from the Business Innovation Zone of Central Iowa (BIZ) on how to get your business into shape and attract an investor’s eye.
Adam Claypool of DeWaay Investment Banking is the speaker. I have worked
Franchise attorney Charles Internicola busts the myth that franchise agreements are non-negotiable in his post, Myth: Is it Illegal for a Franchisor to Negotiate and Modify the Terms of its Franchise Agreement. This is one of the best posts on the subject that I have seen.
In addition to the fact that you should
Megan Erickson of the Dickinson Law Firm has started Erickson’s Blog on Social Networking and the Law. Now that’s a blog that will have a never ending flow of posts. She already has an interesting array of posts including one where a business owner got slapped with a $2 million libel lawsuit for Facebook and
The title of this post may be a little tongue-in-cheek, but I would say at this point I am forming perhaps 2-3 times as many LLCs as S corporations.
It still doesn’t mean you should rule out the S corporation as your entity of choice. It could be the entity for your situation. Joe Kristan
