Business relationships are like marriages. When partners cannot resolve their disputes and decide to go their separate ways, a business divorce can be just as emotional, legally complex, and contentious as a divorce between spouses. While the key to protecting your...
As a shout-out to all my accountant readers and colleagues, I would like to discuss a corporate structure with an S Election – or the S-corporation structure. Many business owners choose to structure their companies as S-corporations. This status provides small...
One of the most important considerations when choosing a business structure are the tax implications that come with the choice of structure. While no one entity type is efficient for all purposes, various factors can be assessed to determine the best plan for your...
If you are considering forming a business entity, you may be wondering “what is an S corp?” An S corporation is a regular corporation that meets certain criteria specified by the Internal Revenue Code and elects a special election under Subchapter S of the Internal...
Welcome back, dear reader. I acknowledge that some time has passed since I’ve checked in. When things are too quiet here on the blog, that’s just the quiet before the storm. Oh, how the storm has come to the mental and physical plains inhabited by Brinen & Associates.
Given the goings-on since our last post, we need to discuss the importance of disaster preparedness for small businesses. According to FEMA.gov, almost 40 percent of small businesses never reopen following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. I find that unacceptable, especially because it can be prevented in many cases.
