Blog — Business + Corporate Services

Friday, February 7, 2014

Firing A Family Member Employee - Can You Fire A Family Member Employee and Still Keep the Family Together?

One of the biggest challenges in managing a family-owned business is firing an underperforming family member. Ideally, all of the family members working in the business recognize and agree to the need for firing a family member. I have found in these situations that it is difficult to engage in a process that can be accomplished in a way that relationships are maintained and where...

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Thursday, December 26, 2013

Tax Planning is critical at the end of the year. Here are some ideas to contemplate, along with the tried and true year-end tax savings techniques.

Individual Tax Strategies:

1) Game – The Standard Deduction

If your total itemized deductions are usually close to the standard deduction amount, consider the strategy of bunching together expenditures for itemized deduction items every other year, itemizing those years to deduct more...

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Tuesday, July 10, 2012

While they have their uses, there are problems with relying on legal self-help websites in place of expert advice, writes Peter I. Minton, founder and president of Minton Law Group. These sites aren't able to provide specific advice about your company and they won't be able to point out ongoing legal problems, he explains. And many people who try to save money by avoiding lawyers often face difficulties later.

Case in point: recently, a potential client was seeking information regarding a business she had founded with several partners. Since...

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Wednesday, May 23, 2012

 

What Everyone Should Know Regarding Software Piracy Laws.

In my practice, I have encountered many situations both with individual and business clients where they received notices from software companies alleging my clients had violated software piracy laws.  These notices are no joke and not for the circular file.

My most recent experience has been with a business client who was accused of illegal and unauthorized use of some engineering design software.  This circumstance resulted from a visitor to my client's business location who had pirated software on his computer and logged on to my client's wireless internet...

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Thursday, March 22, 2012

Treat Your LLC Like a Business to Protect Your AssetsMany business owners form several types of business entities to hold their assets and operate different aspects of their businesses. A common strategy is to form limited liability companies to hold real estate. The operating entity, such as a manufacturing entity, pays monthly rent to the real estate LLC and this can work to keep liability of the operating entity separate from the real estate LLC. Some LLCs are formed to hold other assets, such as personal property that is leased to the operating entity....

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