Considerations Regarding Tax Burden Allocations Among Members & Owners
In forming your business, considerations regarding control or transferability of interest and the like may be at the forefront of your mind, and tax considerations may be relegated to the backseat. However, choosing between different non-tax options can result in different tax outcomes for your business. You can meet your non-tax options and goals with creative solutions, while at the same time being cognizant of the tax implications of those choices so as to keep the tax burden as low as possible.
Thomas Hughes, Associate Attorney, and Scott Mecham, Director of Business Operations, sit down to discuss HoganWillig's efforts to help struggling businesses get back on track.
Keep reading to learn more about non-compete agreements in the workplace.
Learn more about the steps and processes one needs to be aware of to start a business.
Learn how HoganWillig is working to save and restructure struggling businesses
Picking the right business structure is a critical, since your choice can impact how you pay your taxes, how much paperwork you need to file, and how you can distribute your profits. Below is a list of the types of business structures along with how advantageous and disadvantageous they are. One form is not necessarily better than any other. Each business owner must assess his or her own needs. It may be important to seek advice from business experts and professionals when considering the advantages and disadvantages of a business entity.
Legal Tip of the Week: What You Need To Know About Holiday Pay and Time Off
A recent federal court order will affect the large number of businesses preparing to implement the U.S. Department of Labor’s new federal overtime rule.
Ready or not, the holiday season is upon us.
Those words often conjure up warm, cheerful thoughts of family customs, twinkling lights, gift-giving, snowflakes, and the aroma of a freshly-baked pie. However, for the unwary employer or employee, they can also conjure up potential legal issues in the labor and employment context.
Exporting products to foreign markets was once something reserved for large corporations with extensive resources. However, in today’s business environment, many small business owners are looking for the opportunity to expand their market reach and to truly participate in the global economy. This is becoming more and more feasible for small businesses with rapid advances in technology and communication. However, there is still a learning curve and certain capital investment required to export profitably.