Basis after a partial sale

The calculation of basis has always been required and sometimes not as clear to some as it should be. When you take on an investor and sell a portion of your company. You are giving up your rights to those shares and possibly your autonomy to run the business as you...

Your 15 minutes

“In the future, everyone will be world-famous for 15 minutes” – Andy Warhol The source of the quote may be contested, but the idea is solid.  It seems that now days everyone seems to think that they are special and unique in every aspect.  Otherwise why...

The IRS and Passports

Do you owe the IRS over $50,000? As part of the FAST Act, the State Department can revoke, deny or limit passports for anyone the IRS certifies as having a seriously delinquent tax debt in an amount in excess of $50,000. With modifications to air travel and an...

Budgeting

Do you do an annual budget for you company? I have the belief that a business owner should have an understanding on where their money is coming from, who their money is coming from and when their money is going to come in. From the opposite side of the ledger, they...

Growth

There is an old business saying, “If you are not growing, you are dying”.  In many regards this saying is correct.   All businesses are trying to grow.  Even those who want to only maintain their current status need new clients to replace those who fall off;...

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