A buy-sell helps ensure that heirs are fairly compensated for a departing owner’s interests, and unwilling or unknowledgeable spouses (or other heirs) don’t suddenly become co-owners.
Posted: August 31st, 2017 | Permalink
When a business reaches a certain level of success, adding another location might seem like a no-brainer. But be careful. First ask yourself some tough questions about whether that new location will grow your company or stretch it too thin.
Posted: August 11th, 2017 | Permalink
Many business owners buy accounting software and, even if the installation goes well, eventually grow frustrated when they don’t get the return on investment they’d expected.
Posted: July 7th, 2017 | Permalink
The American Institute of Certified Public Accountants (AICPA) has clarified its guidance on pro forma compilations.
Posted: June 23rd, 2017 | Permalink
Treating transfers of money between a closely held business and its owners as loans can provide tax advantages. But the IRS looks closely at such transactions, so it’s critical to establish that the transaction is truly a loan.
Posted: June 21st, 2017 | Permalink