business succession

Business Succession Plan Checklist

A business succession plan is like an estate plan for a business. These are especially useful for family-owned and closely-held companies which would otherwise have no procedure for replacing leaders who die, retire, or become incapacitated. With the right plan in place, your company can continue to operate smoothly with the...

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Small Business Owners and the Annual Tax Crunch

Before you file away last year's paperwork, make sure you review everything and set aside any information that you need to file taxes. This can include employment records, donations and receipts for work expenses. You can also collect the tax forms you will need to file and review them. Having these in advance can give...
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What form will you choose for your business?

Starting a new business is a daunting prospect. There are a multitude of issues that all must be dealt with simultaneously. You have to have the idea and the concept for your new business. There are the mechanics of obtaining sufficient funding, whether through traditional banks, venture capital or new forms like crowdfunding with...

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Hobby Lobby and the corporate veil

In corporate law, there are few more important concepts than that of the "Corporate Veil." This is the concept that protects shareholders from unlimited liability for the debts of the corporation.

The corporate veil is what protects a small business owner's home and personal assets where they are also the sole corporate owner when their...

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