Get Ready to Sell your Business
Selling your Business Requires Planning If you want to sell your business, you need to understand what is needed to get it ready for sale. The goal of a sale is to receive the most value (money) from the perspective buyer and therefore, the seller needs to make [...]
Misclassification of an employee can cost small business a lot of money
Beware of Misclassification of an Employee Treating employees as non-employees You will be liable for social security and Medicare taxes and withheld income tax if you do not deduct and withhold them because you treat an employee as a nonemployee, including yourself if you are a corporate officer, and [...]
How Good is Your Company?
If you have been following my articles over the past few years, I hope you realize that I truly believe that one of the most important assets of a company are the human resources, which does not pop up on the balance sheet. But equally important are two [...]
How to Become an S Corporation
Sub-Chapter S Corporation First the organization must register with the Department of Revenue of the Secretary of the State or other agency identified within their state to file their Articles of Incorporation. Once they file these documents and receive verification back from the state, the business then files [...]
Self Financing Can Go Bad
Seller-Financed Real Estate raises serious questions It is not uncommon for sellers to self-finance the real estate, both personal and business, that they want to sell. In many cases this may be the only way an owner can sell their property as many buyers cannot qualify for financing or [...]
Budgeting-A Process that needs to be Perfected
Budgeting-Why do it? Many companies are starting, planning, and completing their budget process for the upcoming year. Those that are not doing any of the above are simply flying by the seat of their pants, and hoping for the best. Lack of planning allows the unexpected to cause [...]
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