Whether it’s a newly formed company or an established one, getting an external perspective can be helpful to continued success, regardless of industry. What does an advisory board do and what are its primary attributes? Advisory Board Purpose & Makeup The primary purpose of an advisory board, which has no power to direct or authorize…
What a difference just a few years, a few weeks, or even a few Tweets can make. Ever since the turn of the century we’ve experienced a rapid boom in technology, the real estate and banking collapse, one of the longest stock market bull runs, the worst economic recession since the Great Depression, and the…
Small business owners struggling to find health plans for their staff and facing limited affordable options will welcome new provisions that again allow them access to health reimbursement arrangements (HRAs). Under the revised Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), small business owners with less than 50 full-time employees are no longer prevented from helping…
Once considered a last resort for entity choice, C corporations deserve reconsideration, especially surrounding the dreaded double taxation issue. Double taxation refers to the two levels of taxation that C corporation income goes through. First, the income is taxed at the entity level and then again when the shareholder withdraws any earnings as a dividend….
Whether for a first-time commercial lease or if it’s time to move to a bigger and better building with a new business lease, understanding all of the elements in the contract can avoid a lot of potential problems down the road. Types of Leases An important, if not the most important, consideration is to understand…
