Beware the Ides of March. Perhaps April deserves a bad reputation. For small business owners and sole proprietors, ’tis Tax Season. At least March has the NCAA tournament. In response to recent questions posted by ...
Concerning Fees for unlicensed Business Brokers This question was asked by Scott B. at ExitPromise.com Question. I am semi-retired from the transportation sector. I have a business friend that owns a transportation company with ...
Small business owners hoping to sell a business must invest in a well-drafted commercial lease and should definitely need an even tighter buy-sell agreement. Question: I sold my small business to a buyer and we try to make the ...
DBA Much? A recent client asked us about the pros and cons of registering fictitious name aka DBA in New York. As a startup attorney, I know other small businesses must have the same question but none have time for leisure reading. ...
Depreciation, pimp my assets! In sum, the Man (Amerika) has this concept called depreciation, which allows businesses to depreciate—or gradually deduct the cost of —assets such as equipment, fixtures, furniture, etc., that will last ...
1099s, Unite! Is the new tax law good for freelancers and independent contractors? Well, it depends. Over a few posts, I”ll highlight a few amazing wins for 1099s. Here’s one example where it’s pretty amazing to get ...
How do you track payments to 1099 Contractors? In general you are required to issue a 1099-Misc to any contractor you paid more than $600. Now, you can only report on Form 1099-MISC payments made in the course of your trade or ...
Started a business lately or thinking about it. It might seem overwhelming. That’s why we’ve created a checklist that includes everything you need to do to make your business official. You might be thinking about forming a business ...
We have a sole proprietor business of 25 years. We would like to grow this business by branching out to a new location. But we would like to get rid of the existing location by selling that part of the business ( since it has 25 yrs of ...
by The Exit Promise Contributors If you have multiple business ventures, it might make more sense to keep your businesses as part of one unified brand if the various ventures share similar marketing strategies and target similar ...
