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Signing personal guarantees for business obligations is not uncommon for closely-held business owners. However, such guarantees put the personal assets of business owners at risk. If you are asked to sign a personal guaranty for your business, consid…
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Connecting with your clients and customers through social media helps level the playing field between small and large businesses. But how can all businesses avoid making disastrous mistakes on social media that may have legal consequences?
Planning…
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A trade secret is confidential information that is legally protected, used in a business, and gives your company a competitive edge. The most famous examples include the formula for Coca-Cola, Google’s search algorithm, and the New York Times’…
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The reforms in the Tax Cuts and Jobs Act represent the most sweeping tax overhaul in 30 years. Here are some of the most important changes that may affect your business:
Qualified Business Income Deduction. Many owners of pass-through businesses, s…
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Your single vote can make a big difference. Did you know that during the last few years in the U.S., several races have been decided by a single vote or ended in a tie?
2017: A Virginia House of Delegates race ended in a tie out of more than 23,000…
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Many businesses hire contractors to perform specific services after business hours, such as an office-cleaning services. If you have concerns about the confidentiality of your business or client information that the contractors may come across in t…
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One of the most common complaints from the investors and minority shareholders of closely-held businesses is a lack of clear communication from those shareholders who operate the business. The easiest way to prevent strife is to provide access to w…
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Chances are, you may have dozens (if not hundreds) of online accounts. Some accounts may be logins simply for ordering purposes, but others may have important and significant value. What happens to all this when you die? The answer completely depen…
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Near the end of last year, we told you about the increase in the annual gift tax exclusion amount from $14,000 to $15,000 beginning January 1, 2018 (catch up on that topic here). The annual exclusion is a “use it or lose it” opportunity that doe…
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Almost anything can happen. The recent flooding in certain areas of the Midwest – including parts of Michigan, Ohio, and Indiana – brought businesses to a standstill. Many of those businesses were underwater for days, and owners and per…
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