As a Denver business attorney, John McGuire has assisted many businesses as start up businesses. Multiple issues and concerns should be considered when starting a business. The video below provides additional information regarding starting a business. You can contact The McGuire Law Firm to speak with a Denver business attorney. Schedule a free consultation with […]
Estate planning attorneys will often be asked, when should I create my will? This is an important question, because having a will can be very important. Generally, individuals with minor children will want to have a will prepared, and many people as they age in life want their will prepared so they can designate how they […]
What is the importance of my S Corporation stock basis and how is my basis in the S Corporation stock calculated? These may be two common questions for owners of small businesses or closely held corporations, and rightfully so. In previous articles we have discussed below, as well as computing the stock basis. This article […]
In previous articles we have discussed incomplete gifts and the power to revoke, and how such matters could impact making a gift in terms of estate planning and estate tax. The article below will continue to discuss related matters, but focus more on conditional gifts, gifting to a minor and a mistake of fact. Please […]
Previous articles and information posted by The McGuire Law Firm have discussed issues related to a step up in basis and carryover basis depending upon whether the property was gifted during a donor’s lifetime or acquired at death via inheritance. Given the marital deduction, Congress was concerned that certain individuals may take advantage of the […]
Typically the sale of a corporation through an asset sale will result in two levels of tax when dealing with a C Corporation. There is likely to be taxable gain to the corporation, and a taxable distribution to the shareholders of the corporation. Hence, the term “double taxation” that has been used to describe the […]
In prior articles we have discussed the basis in property that is received through a survivorship right. The article below continues to discuss this issue, but brings an additional variable or issue into the discussion. This issue being: How does depreciation impact the basis of property that is received by a survivor, or in other […]
Why do shareholders in an S Corporation care about their stock basis and debt basis? A shareholder’s basis in the S Corporation stock or debt is very important for multiple reasons. The article below has been prepared by a tax attorney and business attorney at The McGuire Law Firm to provide additional information regarding the […]
In previous articles, we have discussed the types of taxes that are assessed and collected by the City and County of Denver. One such tax that applies to many businesses is sales tax, and many business owners have questions related to sales tax licenses. The article below has been drafted by a tax attorney and […]
In a prior article, buy sell agreements were discussed in general, regarding the potential benefit to small business owners. The article below has been drafted by a business attorney to provide general information regarding certain types or forms of buy sell agreements that small business owners may be able to use for their buy sell […]