New entrepreneurs have many different aspects of running their business to worry about. It might seem like cash flow is one of the most important things you can focus on, but there are numerous different business planning avenues that should be followed and tracked regularly in order to ensure that your company is growing or...
If there ever was a no-win situation for a business owner, it’s a frivolous lawsuit. Not only does the suit require attention, it also requires a lot of money in the form of lawyers fees to fight off the frivolous suit. The bad news is that nothing can prevent someone from filing a frivolous lawsuit. The good...
You may have oftentimes heard the term “fiduciary,” particularly with respect to relationships involving money. Fiduciary relationships, however, extend far beyond monied situations into just about every aspect of business. At their core, fiduciary relationships are ones of trust. It is fitting, then, that the term “fiduciary” derives from the Latin fiducia which means “trust.”...
Just like some colds turn into pneumonia or something else more serious, business disputes can also take a turn for the worse – they can head to litigation. Litigation is expensive, time-consuming, and may not even manage to settle the actual dispute in the long run. Thus, it is very important to know the signs...
You are finally the proud new owner of a business and are ready to move full speed ahead into the glorious future you have set up for yourself. Then why is the IRS all of a sudden knocking on your door? Why are you getting served for lawsuits from people you’ve never heard of? Why...
Shareholders come in all shapes and sizes. They range from municipal pension funds with millions of shares of Apple to your Aunt Jane who owns stock in her family’s private company. Regardless of how many stocks they own, the pension fund or your Aunt Jane have the potential to get involved in a shareholder dispute...
What the UPL?! – What CPAs Need to Know About the Unauthorized Practice of Law As a CPA, from time to time your clients request documents from you that dip into legal work (as attorneys, we face the same dilemma, having to disclaim the fact that we can’t give tax advice all the time). Because...
Congratulations on taking the first step towards becoming a business owner. After making the all-important commitment in starting a business, you must also simultaneously decide what form you wish for your business to take. In determining what form of business you wish to undertake, there are different factors to take into consideration. Most importantly, determining...