Generally speaking when one business buys or acquires another business the transaction can be either an asset sale or a stock sale.  There are different tax implications, liability matters and other issues depending upon how the transaction is set up.  The video below has been prepared by a Denver business attorney at The McGuire Law...Read More

A K-1 is an informational return, and a shareholder in an S Corporation would receive a K-1 stating that shareholder’s share of gain, loss, credits etc. from the S Corporation.  Because an S corporation is a pass through entity, the S corporation does not pay income tax, but rather the shareholders claim the items on...Read More

What is a sole proprietorship?  By definition a sole proprietorship is a business with a single owner.  Thus, there are not multiple partners, shareholders or individuals working together for a profit such as with a partnership or corporation.  I am surprised at how often I see individuals operating as sole proprietorship and I have seen...Read More

A previous article discussed how a sale or exchange between related parties may be treated differently under the Internal Revenue Code.  As a tax attorney, when I see a transaction or series of transactions between related parties, it always raises a red flag.  Hopefully, the article below can provide additional information regarding such sale or...Read More

There are many types of partnerships such as limited liability companies, limited liability limited partnerships, limited partnerships, general partnerships etc.  The article below has been drafted by a business attorney at The McGuire Law Firm to discuss a general partnership.  If you have questions related to your business, please contact The McGuire Law Firm. A...Read More

As a business attorney, John McGuire counsels small to medium sized businesses on a variety of issues and transactions.  Below is a short outline of some of the matters in which your business may be able to use the services of a business attorney. Business Formation & Structure The formation and structure of your business...Read More

In a previous article we discussed the characteristics (issues to consider) of a business in general.  The article below has been drafted by a Denver business attorney at The McGuire Law Firm as an overview to the characteristics of a corporation that were mentioned in a previous article. Corporate Formation: a corporation can only be...Read More

In previous articles, a Denver business attorney at The McGuire Law Firm has discussed certain types of mergers.  Recently, a client inquired as to who votes in statutory merger and such question or issue deserves some attention.  The article below has been prepared by a business attorney to provide general information regarding corporate voting issues...Read More

What is Section 1231 property?  What is Section 1231 gains or losses?  Recently I was asked these questions as I mentioned 1231 property to a client who was preparing to dispose of certain assets.  A tax attorney at The McGuire Law Firm has prepared the article below to discuss 1231 property and hopefully the article...Read More

To become an S Corporation (or to be taxed as an S Corporation) an election is made with the Internal Revenue Service.  In addition to such election, an S Corporation must meet certain requirements related to: it’s shareholders, types of shares and numbers of shares.  The video below has been prepared by a Denver business...Read More