As 2017 approaches right now is a great opportunity to look at some New Year resolutions for your business. Like personal resolutions, the suggested resolutions below consider what your business can improve on from the past year, and what you can do…
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On August 2, 2016, the IRS and the U.S. Treasury Department issued proposed regulations under Section 2704 of the Internal Revenue Code that would have the effect of eliminating or scaling back many valuation discounts for family-controlled entities…
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If you are a small business owner, putting a plan in place in the event of your incapacity or death can ensure that your business survives, your family can continue to be supported, and your assets will pass to your family efficiently. Without a plan…
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Labor Day is celebrated every year on the first Monday of September. This holiday marks not only the unofficial end of summer and start of a new school year, but also the importance of labor and rest. The holiday was officially recognized in 1894. In…
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Limited Liability Companies Many business owners and farmers use limited liability companies (“LLC”) as their business form. Business owners often prefer LLCs to own their business assets because they are easier to set up and administer t…
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President Obama on Tuesday May 17, 2016, unveiled a new rule that will increase the overtime pay exemption from $23,660 to $47,476 for executive, administrative, and professional employees. This rule change is expected to make about 4.2 million US wo…
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Starting a business can be a huge step for new entrepreneurs. After all the planning, research, and time put into your venture, you do not want to miss any of the legal paperwork to make sure you are getting started off on the right foot. While it ca…
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