by Leif Jensen | Jun 17, 2024 | Running a Business |
Beneficial Ownership Information Report are required reports that need to be filed. I have just completed the Beneficial Ownership Information Reports for the companies that I own or am active with such as a NFP run by one of my sons. Yes, NFP’s need to file as...
by Leif Jensen | Jun 12, 2024 | Running a Business |
If you own and run an S-Corporation you are supposed to pay yourself a reasonable salary. Granted the IRS does not define reasonable salary, but there should be a salary. I work with a client whose son-in-law is retired and receives no Social Security, he had run his...
by Leif Jensen | Jun 10, 2024 | Rant |
After the Judge denied the merger between Penguin Publishing and Simon and Shuster. Penguin went through a massive round of layoffs and Simon & Schuster was sold to a private equity company instead. Private equity tends to have one game plan strategy: buy a...
by Leif Jensen | Jun 5, 2024 | Rant |
Every second book in America, ballpark, is being sold via e-commerce…Amazon.com has 50 million books available. A bookstore, a good independent bookstore, has around 50,000 different books available… an algorithm decides what is being presented and made visible and...
by Leif Jensen | Jun 3, 2024 | Rant |
My son sent me a story/article the other day which shared the stats from a DOJ case regarding Penguin wanting to buy Simon and Shuster. The deal was killed because of monopoly issues. Penguin has 37% of the market and Shuster has 11%, a merger would dominate the...
