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Apr 20

Branch Transactions – New Aggregation Election

Do you have a business that has a branch in a foreign country?  If so, new regulations will dictate how you determine your taxable income. Many businesses have a branch in a foreign country.  This may include conducting business in the foreign country through an… Read More

Feb 06

2017 New Year Business Succession Resolutions

How are your New Year’s resolutions coming along? If you own a business and one of your resolutions was to review your will and other estate planning documents, failure to keep this resolution can have a much more negative impact than not losing the ten… Read More

Oct 27

Selling Your Legal Practice in PA just Got Easier

Effective this week, a change in the Pennsylvania Rules of Professional Conduct will have a major effect on succession planning for lawyers. Under the old rule, an attorney who wanted to sell his or her practice was required to sell the entire law practice to… Read More

Sep 29

Is your buy-sell agreement up to date?

Over the years I have heard many business lawyers (myself included), tell clients that there are certain agreements that once signed, can be placed in a drawer and do not need to be reviewed until the particular event that is the subject of the agreement… Read More

Sep 12

Stay in LLC Structure and Go Public Using an UP-C Structure

In the “old days” if your business was in an LLC classified for tax purposes as a partnership and you thought you wanted to take your company public, you were told by the investment bankers to convert your LLC to a corporation. Many new businesses… Read More

Mar 17

Treating the Children who are Involved in the Business and those who are not, Equally

Your business is thriving. You have a strong management team to whom you can delegate decisions you had been making yourself for years. You take off every Thursday to play golf or to watch your grandchildren. ‎ You are thinking about taking off more time… Read More

Categories

Business Succession
Feb 29

Is your business succession plan and the Phillies’ succession plan the same?

It’s Baseball Season again.  For those of us who are Phillies fans, we are witnessing the end of an era, with the transition of World Series winning players to the next generation of Phillies.  Do the Phillies have a succession plan in place for the… Read More

Feb 10

Why A Handshake Agreement Among Business Partners Is Not Worth The Paper It Is Written On

You go into business with your sister, your father, your college roommate or your best friend.  The classic “we-started-in-the-garage” business. You struggle at the beginning – you do whatever you can to minimize overhead.  Lawyers are expensive so you decide not to put anything in… Read More