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What is a Business Divorce?

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...

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Forming an S-Corporation

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...

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What’s the Best Business Structure for Taxes?

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...

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What is an S Corp?

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...

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Small Businesses Need Continuity Plans, Too

Given the goings-on since our last post, we need to discuss the importance of disaster preparedness for small businesses. According to, 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.

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