How Tax Reform May Impact You

How Tax Reform May Impact You

Congress has passed tax reform and President Trump has signed the bill into law. Consequently, the tax code will be dramatically changed for many. Although there are many uncertainties in how the implementing regulations and rules will look, many businesses and...
What Should You Choose? A Sub-S Corporation or an LLC

What Should You Choose? A Sub-S Corporation or an LLC

A Limited Liability Company (LLC) and a Subchapter S Corporation share a number of characteristics. Chief among them is that each provides participants – shareholders in a corporation, members in an LLC – with insulation from personal liability while avoiding the...
Selling Your Business? Don’t Pay Unnecessary Taxes

Selling Your Business? Don’t Pay Unnecessary Taxes

Purchase price allocation and timing of payments are two of the issues to consider when structuring an asset sale or purchase of a business. The tax consequences can be enormous if company assets aren’t allocated strategically. Consider this scenario based on an...