Understanding the Built-in-Gains Tax (BIG Tax)
The Built-in-Gains Tax (BIG Tax) is an important concept to grasp when it comes to asset sales by companies that have converted from C-corp status to S-corp [...]
What is a Letter of Intent?
If you're a business owner, then you've probably heard of a letter of intent. But what is it exactly? A letter of intent is a legal document [...]
The Power of Delegation: Unlocking Your Business’s Potential
As a business grows, so does the amount of responsibility. it's natural to think that we can do everything ourselves, especially when the business is smaller. However, [...]
Six Reasons for a Business Valuation
As a business owner, it is understandable to be hesitant about paying for non-essential professional fees. However, obtaining a certified professional business valuation can actually help you [...]
Why Defining Goals Is Important and How to Do It
Planning for a successful business future is an exercise in foresight and commitment. Without foresight, it may be difficult for you to determine what success means to [...]
The Advantages of Transferring Ownership to Children
Surveys will tell us that about 25 percent of all business transfers happen between owner and child. Of course, this isn’t an owner’s only option. An owner may [...]