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If you are operating an LLC and no longer wish to engage in such business, you cannot simply walk away or stop operations to limit your liability. Rather, you must properly dissolve your LLC to ensure that you will not be held personally liable for...
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Section 338 of the tax code can help resolve some of the issues created in stock sales in a way that benefits both buyers and sellers. Section 338 of the Internal Revenue Code provides a way to treat stock purchases as asset acquisitions for tax...
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Are you considering establishing a corporation? Perhaps you have thought about putting in property as consideration for your interest while another member would like to contribute cash. You may even find yourself in a situation where a third person would like to contribute his services...
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As a small business owner, we know that you do your best to keep costs to a minimum. One way to save money that many business owners overlook is tax deductions. Tax deductions that sole proprietors, partnerships, and LLCs may be able to take add...
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Throughout the stages of life, there are many major events that can cause a major financial change. In addition to altering your personal bank accounts, some life events can have a significant impact on how you file taxes. Being aware of this impact before, during,...
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