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Capital Gains Exclusion for Startups and Small Businesses

Wednesday, May 11th, 2011 Posted in Legal Reference, Recent Developments | No Comments »

One under-publicized tax planning opportunity contained in the 2010 Tax Relief Act that was passed at the end of December 2010 (the “Act”) is a provision extending the 100% capital gains exclusion for investments in “qualified small business stock” (“QSBS”).  ...

Forming a Statutory Close Corporation

Saturday, April 18th, 2009 Posted in Legal Reference | 2 Comments »

Surprisingly, many entrepreneurs neglect to take the time to strategize the appropriate entity to operate their business. Indeed, businesses should consider the various tax and legal advantages and disadvantages of the various entities. I find that many businesses would ...

Avoid Trouble with Unpaid Interns

Sunday, August 3rd, 2008 Posted in Legal Reference | No Comments »

Before hiring that enthusiastic intern who is willing to work for free at your company, you need to be aware that the unpaid intern may be considered a nonexempt employee under the Fair Labor Standards Act (FLSA), and entitled to ...

Checklist to Maintain Corporate Shield from Personal Liability

Tuesday, June 24th, 2008 Posted in Legal Reference | No Comments »

There is nothing more frustrating than to spend the time and money to incorporate, but then later expose yourself to personal liability for failing to adhere to the corporate formalities. The term "corporate formalities" gets thrown around often, but what ...

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